Office Depot (ODP) is reportedly in talks to sell its 50% stake in its Mexican unit to Grupo...

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

Office Depot (ODP) is reportedly in talks to sell its 50% stake in its Mexican unit to Grupo Gigante, which already owns the other half. The discussions come amid falling group revenues at Office Depot and pressure from its largest investor, Starboard Value, to reverse the tide. The holding may be worth $700M.