Hynes Keller & Hernandez, LLC Announces Shareholder Investigation Concerning Acquisition of Office Depot, Inc. (ODP) by Staples, Inc. (SPLS)

NEW YORK, Feb. 6, 2015 /PRNewswire/ --  Hynes Keller & Hernandez, LLC is investigating potential claims arising from the proposed acquisition of Office Depot, Inc. ("Office Depot") (NASDAQGS: ODP) by Staples, Inc. ("Staples") (NASDAQGS: SPLS). 

On February 4, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which Staples will acquire Office Depot. Under the terms of the agreement, Office Depot shareholders will receive $7.25 in cash and 0.2188 of a share of Staples stock. Based on the closing price of Staples before the transaction was announced, the consideration for Office Depot shareholders is valued at approximately $11.41.

Our investigation is focused on determining whether Office Depot's Board of Directors is acting in the shareholders' best interests.

If you own shares of Office Depot and would like to obtain additional information to protect your investment, please visit our website at www.hkh-lawfirm.com or contact the attorneys below.  There is no cost or obligation to you.

Click here for more information about our Office Depot investigation: http://hkh-lawfirm.com/investigations-cases/office-depot-inc-odp/

Hynes Keller & Hernandez, LLC is a national law firm that represents institutional and individual investors. The firm is focused on providing exemplary legal services in the area of shareholder litigation. The firm has an experienced litigation team which has achieved significant victories on behalf of the firm's clients. Attorney advertising. Prior results do not guarantee similar outcomes.

If you hold shares in ODP and would like further details regarding our investigation and to discuss your legal rights, please feel free to contact the attorneys listed below.

SOURCE Hynes Keller & Hernandez, LLC

Related Links

http://www.hkh-lawfirm.com

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