EQUITY ALERT: The Rosen Law Firm Announces Investigation of Office Depot, Inc. Concerning its Proposed Sale to Staples, Inc.
February 04 2015 - 1:00PM
Business Wire
The Rosen Law Firm announces that it is investigating the Board
of Directors of Office Depot, Inc. (NASDAQ:ODP) for possible
breaches of fiduciary duty and other violations of law by failing
to adequately shop Office Depot to maximize shareholder value
before agreeing to be acquired by Staples, Inc. (NASDAQ:SPLS).
If you would like to join the action, go to
http://rosenlegal.com/cases-498.html or contact Phillip Kim or
Kevin Chan, toll-free at 866-767-3653, or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $7.25 in cash and 0.2188 of a share in Staples common stock
for each share of Office Depot they own. The proposed transaction
is valued at approximately $6.3 billion. The investigation relates
to whether the proposal is fair to the public shareholders of
Office Depot and whether Office Depot’s Board breached its
fiduciary duties in connection with the proposed sale.
If you currently own shares of Office Depot and wish to obtain
additional information, please visit the website at
http://rosenlegal.com/cases-498.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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