INVESTOR ALERT: Levi & Korsinsky, LLP Commences an Investigation of the Board of Directors of Office Depot, Inc. In Connectio...
February 04 2015 - 11:28AM
Business Wire
Levi & Korsinsky is commencing an investigation into the
Board of Directors of Office Depot, Inc. (“Office Depot” or “the
Company”) (NasdaqGS: ODP) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Staples, Inc. (“Staples”) (NasdaqGS: SPLS).
Click here to learn more about the investigation:
http://zlk.9nl.com/office-depot-odp.
Under the terms of the transaction, Office Depot shareholders
will receive $7.25 per share in cash and 0.2188 shares of
Staples common stock for each Office Depot common share they own.
The investigation concerns whether the Board of Office Depot
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Staples is underpaying for Office Depot
shares.
If you own Office Depot common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/office-depot-odp.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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