Office Depot, OfficeMax in merger talks: source
NEW YORK (Reuters) - U.S. office supply chains Office Depot Inc (ODP.N) and OfficeMax Inc OMX.N are in advanced discussions for a merger, a person familiar with the matter said on Monday.
A deal could come as soon as this week, that person said, adding that the talks were ongoing and could still fall apart.
Currently, the deal is expected to be structured as a stock-for-stock transaction, the person said.
Neither company responded to requests seeking comment.
TOKYO - Japanese Prime Minister Shinzo Abe's cabinet approved a $182 billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact.
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BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.