Market Chatter-Corporate finance press digest

Mon Feb 18, 2013 11:51pm EST

Feb 19 (Reuters) - 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.

* Telco, the holding company which controls Telecom Italia , is gearing up to write down the value of its 22.45 percent stake in the Italian telecoms company, a source close to the situation said on Monday.

* Singapore's central bank is expected to scrap its U.S. dollar-linked interbank lending rate, according to a banker with knowledge of regulators' reviews into the setting of interest rates following the Libor rate rigging scandal.

* AllThingsD, the widely-read technology blog run by Kara Swisher and Walt Mossberg, has begun discussions with owner News Corp about extending or ending their partnership, sources familiar with the situation told Reuters.

* China's Zhejiang Geely Holding Group is favoured to secure a majority stake in troubled U.S. electric car maker Fisker Automotive, according to two sources familiar with Fisker's search for a strategic investor or partner.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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