Office Depot sends letter to shareholders

|About: Office Depot Inc. (ODP)|By:, SA News Editor

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)