Office Depot-Staples deal 'fraught with conflict of interest,' complaint alleges

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    • Jan 2009
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    Office Depot-Staples deal 'fraught with conflict of interest,' complaint alleges

    The lawsuit says that Starboard Value, which owns a large percentage of both Office Depot and Staples, created an unfair sales process at the cost of other Office Depot shareholders. Office Depot executives may not have negotiated the best sale price for the company because of the influence of activist investor Starboard LP, alleges a lawsuit filed in Palm Beach County.


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