The long-rumored merger of two major players in the office supplies business, Office Depot and OfficeMax, now appears to be moving forward after a premature release of the news of the merger, a retraction and then a reinstatement.
Office Depot had posted a news release that reported a $1.17 billion merger on its web site and then took that release down saying it was a mistakenly released draft. Bankers and corporate lawyers were still putting the finishing flourishes on the deal. Then the company posted an official release about a $1.2 billion deal.
The two office supply merchants are tying …