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Tuesday, February 19, 2013

Market Chatter-Corporate finance press digest, (NYSE: ODP)

The following corporate finance-related stories were reported by media: * U.S. office supply chains Office Depot Inc and OfficeMax Inc are in advanced discussions for a merger, a person familiar with the matter said on Monday.* The Spanish authorities will take a majority stake of 65 percent in small, unlisted lender BMN after a cash injection and the conversion of preference shares into capital, a source with direct knowledge of the operation said on Monday.

Office Depot, Inc. (Office Depot) is a global supplier of office products and services. Shares of ODP traded higher by 2.0% or $0.09/share to $4.59. In the past year, the shares have traded as low as $1.51 and as high as $4.87. On average, 5126880 shares of ODP exchange hands on a given day and today's volume is recorded at 11640883.



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