NEW YORK, Feb. 4, 2015 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm,
announces that it is investigating the potential acquisition of
Office Depot, Inc. (NASDAQ: "ODP") ("Office Depot" or the
"Company") on behalf of its shareholders. Staples, Inc. and Office
Depot have entered into an agreement for Staples to acquire Office
Depot. Office Depot shareholders will receive (i) $7.25 per share in cash and (ii) 0.2188 shares of
Staples common stock for each share Office Depot common share
outstanding. Based on Staples's closing stock price on
February 2, 2015, the merger
consideration is valued at approximately $11 per Office Depot share.
Our investigation seeks to determine whether the offer price of
only $11 per share unfairly
under-values the true going forward inherent value of the Company
and whether shareholders are receiving the maximum value for their
shares. Indeed, among other things, the strategic combination of
the two companies is expected to deliver at least $1 billion of annualized synergies and the
acquisition will be accretive to Staples EPS in the first year
post-closing.
If you are a shareholder of Office Depot and would like
additional information as to how the acquisition may affect your
rights as a shareholder, and how you may be eligible to obtain a
higher price for your shares, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders and, along with its affiliate, has recovered billions
of dollars for shareholders in similar actions around the globe.
Tripp Levy PLLC is affiliated with the law firm Milberg LLP.
The National Law Journal has named Milberg one of the "50
Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff
Firms in America." Attorney advertising. Prior results
do not indicate a similar outcome.
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SOURCE Tripp Levy PLLC