Starboard ups efforts to remake Office Depot board

Published April 22, 2013 2:13pm ET



NEW YORK (AP) — Office Depot’s biggest shareholder on Monday stepped up its efforts to replace part of the office products company’s board with its own nominees.

Starboard Value LP, which holds a 14.8 percent stake in Office Depot, said it’s disappointed with the company’s failure to work with it to restructure the board. The investment firm last month proposed a slate of six nominees to the board.

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