SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Off...
February 20 2013 - 2:32PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
OfficeMax Incorporated (“OfficeMax” or the “Company”) (NYSE: OMX)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Office
Depot, Inc. (“Office Depot”) (NYSE: ODP).
Click here to learn how to join the action:
http://zlk.9nl.com/officemax-omx/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, OfficeMax shareholders will
receive 2.69 shares of Office Depot stock for each share of
OfficeMax stock they own, representing a value of approximately
$13.50 per share. The deal is valued at approximately $1.2 billion.
The investigation concerns whether the OfficeMax Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction.
At least one analyst set a price target for OfficeMax stock at
$17.00 per share.
If you own common stock in OfficeMax and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/officemax-omx/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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