Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of OfficeMax
Incorporated (“OfficeMax” or the “Company”) (NYSE: OMX) for potential
breaches of fiduciary duties in connection with their conduct related to
the sale of the Company to Office Depot, Inc. (“OfficeDepot”) (NYSE:
ODP) in a deal valued at approximately $1.2 billion. Under the terms of
the proposed transaction, OfficeMax stockholders will receive $13.50 for
each share of OfficeMax common stock they own, while according to Yahoo!
Finance, at least one financial analyst has set a price target of $17.00
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The investigation focuses on whether OfficeMax’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of OfficeMax shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
If you own common stock in OfficeMax and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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