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Tuesday, February 19, 2013

Takeover Digest-New York Times business news - Feb 19, (NYSE: ODP)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Criticized for letting Wall Street off the hook after the financial crisis, the U.S. Justice Department is building a new model for prosecuting big banks. In a recent round of actions that shook the financial industry, the government pushed for guilty pleas, rather than just the usual fines and reforms. Prosecutors now aim to apply the approach broadly to financial fraud cases, according to officials involved in the investigations.* Office Depot Inc and OfficeMax Inc are in talks to combine in an all-stock deal that may be announced as soon as this week, a person briefed on the matter said. While talks are at an advanced stage, they may still fall apart, this person cautioned.

Office Depot, Inc. (Office Depot) is a global supplier of office products and services. Shares of ODP remained unchanged at $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 0.



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