The merger between Office Depot Inc. and OfficeMax Inc. announced this morning in Office Depot’s fourth-quarter earnings report may have been premature, according to a report in The New York Times.
The merger was announced in a section titled “Other Matters” on page 4 of the earnings release.
“On February 19, 2013, the company entered into a definitive merger agreement with OfficeMax Incorporated, pursuant to which the company and OfficeMax would combine in a tax-free, all-stock merger transaction,” the report stated.
The earnings release has since been taken off Office Depot’s website. Negotiations are ongoing, and the terms disclosed in the earnings report were not final, The New York Times reported. Office Depot did not immediately respond to a request for comment by the newspaper.
