Law Offices of Howard G. Smith Announces Investigation of Office Depot, Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Office Depot, Inc. (“Office Depot” or the “Company”) (NASDAQ:ODP) related to the proposed acquisition of the Company by Staples, Inc. (“Staples”). The transaction is valued at approximately $6.3 billion and under the terms of the agreement, Office Depot shareholders are to receive $7.25 per share in cash and 0.2188 shares of Staples common stock for each Office Depot share they own.

This investigation concerns whether the Board of Directors of Office Depot breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you are a shareholder of Office Depot, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll-Free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.