Note: Story has been updated.
Houston Business Journal reports that Office Max and Office Depot are combining into one global office force to be reckoned with. The $1.17-billion, all-stock deal between the two big-box paper pushers is expected to create a single company — with less overhead and less overlap, too, you’d think — that’s worth $18 billion. Also, the Houston Chronicle‘s Nancy Sarnoff reports that developer Ed Wulfe says that “9 or 10 of the 40 Office Depots and 19 Office Maxes in greater Houston are close enough to each other that one will have to close.” One of those, pictured here, is located in the strip center at Richmond and Kirby. [Houston Business Journal; Prime Property] Photo: Panoramio user Wolfgang Houston