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Here's a Reason Why Office Depot (ODP) Stock Is Declining Today

NEW YORK (TheStreet) -- Office Depot (ODP) stock is falling 5.77% to $3.47 in mid-afternoon trading on Monday, as the office supplies giant is expected to explain its new strategy later today following the termination of its proposed $6 billion merger with rival Staples (SPLS).

Office Depot will likely elaborate on its path forward during a conference call with investors later today. The company has said little about its future plans since the merger was blocked by U.S. District Court Judge Emmet Sullivan late...