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Office Depot Activist Starboard Nominates Board Slate

Office Depot Inc. shareholder Starboard Value LP, which has pressured the retailer to improve operations, nominated six people to the chain’s board as it works to complete its merger with OfficeMax Inc.

The nominees include Starboard Chief Executive Officer Jeffrey Smith; Robert Nardelli, the former CEO of Home Depot Inc.; and James Fogarty, CEO of Orchard Brands Corp., according to a letter New York-based Starboard sent to the board today. The board currently has 10 members.