Office Depot, OfficeMax Combine to Take on Staples

Feb. 20 (Bloomberg) -- Bloomberg's Cristina Alesci reports that Office Depot Inc. and OfficeMax Inc. have agreed to combine in a stock swap worth $13.50 a share in an effort to combat rival Staples Inc., the largest U.S. office-supplies chain. She speaks on Bloomberg Television's "Bloomberg Surveillance."

Breaking Down What's Happening With Bank Stocks
26:29 - On "Single Best Chart," Bloomberg's Tom Keene looks at the collapse in banking. Sonenshine Partners Chairman Marshall Sonenshine also speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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