Starboard Plans Proxy War For Board Representation in Office Depot

Mani

Published onJune 26, 2013

Updated on May 13, 2021

Hedge Fund Starboard Value LP plans to launch a formal proxy war to place four of its nominees on the board of Office Depot Inc (NYSE:ODP).

The activist hedge fund Starboard Value LP’s slate of four directors includes former The Home Depot, Inc. (NYSE:HD) and Chrysler CEO Robert Nardelli and the hedge fund’s own Jeffrey Smith. The hedge fund indicated that it intends to file its proxy materials with the Securities and Exchange Commission shortly.

Earlier, Starboard Value LP, an activist

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Starboard Plans Proxy War For Board Representation in Office Depot

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