Office Depot Shareholders Approve Staples Acquisition Transaction

Global provider of office products and solutions Office Depot announced that 99.5% of its shareholders have approved the proposal for Staples to acquire all of its outstanding shares. Office Depot reached a final agreement to be acquired by Staples Inc. on February 4, 2015.

Votes cast at the Company’s Annual Meeting of Shareholders were overwhelmingly in favor of the transaction. Also, all other ballot items were approved.

The company revealed that under the terms of the agreement, Office Depot shareholders will receive $7.25 in cash and 0.2188 of a share in Staples stock for each Office Depot share. The transaction is expected to close by the end of 2015.



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