Seeking Alpha

Office Depot sends letter to shareholders

  • Office Depot (ODP) says it's making "significant progress" on its strategic initiative to improve profitability and create long-term value for shareholders.
  • The merger with OfficeMax is expected to close before the end of the year.
  • The company asks for the backing of its slate of 10 director nominees, but stay tuned for some comments from activist investor Starboard on the issue. (PR)
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