Law Offices of Howard G. Smith Announces Investigation of Office Depot, Inc.
February 04 2015 - 2:12PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Office Depot, Inc. (“Office Depot” or the “Company”) (NASDAQ:ODP)
related to the proposed acquisition of the Company by Staples, Inc.
(“Staples”). The transaction is valued at approximately $6.3
billion and under the terms of the agreement, Office Depot
shareholders are to receive $7.25 per share in cash and 0.2188
shares of Staples common stock for each Office Depot share they
own.
This investigation concerns whether the Board of Directors of
Office Depot breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction.
If you are a shareholder of Office Depot, if you have
information or would like to learn more about our investigation, 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 Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at 215-638-4847,
Toll-Free at 888-638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847 or
888-638-4847howardsmith@howardsmithlaw.comhttp://www.howardsmithlaw.com
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