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Starboard Value Will Get Cut By The Falling Knife

Starboard Value Will Get Cut By The Falling Knife

h/t @proxymosaic; As Staples continues its streak of 14 straight quarters of year-over-year declines in same-store-sales and 16 quarters of shrinking revenue, its shareholders have a lot riding on the pending merger with Office Depot Inc (NYSE:ODP), not least activist hedge fund Starboard Value. Starboard first began pushing for consolidation in the office supplies industry in 2013 with the merger of Office Depot and OfficeMax Inc (NYSE:OMX) and the fund has now put its weight behind the Staples deal that is currently awaiting antitrust approval.

It's not surprising...


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