NEW YORK, Feb. 11, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinksy, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF OFFICE DEPOT, INC. (Nasdaq:ODP) PRIOR TO FEBRUARY 4, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in Delaware state court. If you purchased or otherwise acquired Office Depot common stock prior to February 4, 2015 and continue to hold your shares, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION.
Click here to learn more about the investigation: http://zlk.9nl.com/office-depot-odp. There is no cost or obligation to you.
The Board of Directors of Office Depot agreed to sell the sale of the Company to Staples, Inc. (Nasdaq:SPLS). 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 claims concern 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.