NEW YORK (AP) - Office Depot Inc. and OfficeMax have agreed to merge in an all-stock deal that would transform the $21.2 billion office supply retail sector.
Boca Raton, Fla.-based Office Depot Inc. and Naperville, Ill.-based OfficeMax say holders of OfficeMax shares will receive 2.69 shares of Office Depot for every OfficeMax share they own.
That's equal to about $13.50 per share, giving the deal a total value of about $1.2 billion.
Analyst say if the deal closes it would likely benefit the largest office supply player Staples Inc. because the combined entity will likely close stores.
The chief wants to dismantle and reorganize some specialized units - moving members of the Rapid Deployment Unit into precincts, and putting gang unit detectives under a single command working from the downtown headquarters. The St. Louis Post-Dispatch reports that Chief Dotson will ask the Board of Police Commissioners Wednesday for permission to make those changes and to put SWAT, narcotics and drug task force officers under the same command as patrol officers.
Dotson told the paper that the moves will make the department more flexible.
He's also expected to ask for permission to accept donations to beef up hot-spot policing efforts.
Phil Pressey added 10 assists, seven points, six rebounds and three steals for Missouri (19-7, 8-5 SEC). The Tigers didn't have Bowers a month ago in a 31-point blowout loss at Florida.
Mike Rosario had 14 points for Florida (21-4, 11-2) but missed a 3-point try at the buzzer. The Gators had won 13 of 14 and led 49-36 with 10:51 left, then hurt themselves at the foul line.
Florida missed five straight free throws in the second half, three times on the front end of one-and-ones. The Gators made six of 12 foul shots overall, while Missouri was 12 of 15.
The Tigers improved to 15-0 at home this season. They are 30-1 the last two seasons under coach Frank Haith.
Detective Hilton Botha made the revelation Wednesday in testimony at the bail hearing for the athlete charged with premeditated murder in the shooting death of his girlfriend, Reeva Steenkamp.
The discovery raises the possibility that the double-amputee Olympian and Paralympian might have been using performance-enhancing substances.
Pistorius became the first Paralympian runner to compete at the Olympic Games in London last year.
Pistorius, 26, has insisted he shot the 29 year old Steenkamp by mistake, fearing there was an intruder in his gated and guarded luxury complex in the capital, Pretoria.