Deals
Office Depot Jumps as Starboard Becomes Largest Shareholder
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Office Depot Inc., the second-largest U.S. office-supplies chain, rose after activist investor Starboard Value LP became its largest shareholder and started pushing for changes to improve earnings.
The shares jumped 5.3 percent to $2.60 at the close in New York. The Boca Raton, Florida-based retailer has gained 21 percent this year.