Market Chatter-Corporate finance press digest
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.
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters press on |
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Billy Joel, Shirley MacLaine feted at Kennedy Center Honors
- Singapore hit by rare outbreak of rioting, 27 arrested |