WILMINGTON, Del., Feb. 4, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Office Depot, Inc. (NASDAQ GS:
ODP)?
- Did you purchase any of your shares prior to February 4, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Office
Depot, Inc. ("Office Depot" or the "Company") (NASDAQ GS: ODP)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Staples, Inc. ("Staples") (NASDAQ GS: SPLS), in a
transaction valued at approximately $6.3
billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/office-depot-inc-odp.
Under the terms of the agreement, shareholders of Office Depot
will receive $7.25 in cash and 0.2188
of a Staples common share for each share of Office Depot common
stock. Based on Staples' closing stock price on February 3, 2015, Office Depot shareholders would
have received consideration valued at approximately $11.41 per share.
The investigation concerns whether Office Depot's board of
directors failed to adequately shop the Company and obtain the best
possible value for Office Depot's shareholders before entering into
an agreement with Staples.
If you own the common stock of Office Depot and purchased your
shares before February 4, 2015, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/office-depot-inc-odp.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/office-depot-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300030743.html
SOURCE Rigrodsky & Long, P.A.