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Staples urged to improve board for merger with Office Depot

Staples urged to improve board for merger with Office Depot

Starboard Value, the activist investor firm that urged Staples to propose a merger with Boca Raton-based Office Depot, has delivered a letter to Staples' board of directors saying the Framingham, Mass., office-supply company needs to improve its board. New York-based Starboard, one of the largest shareholders in Staples with a 4.5 percent stake, wrote that "the combined company's board must have the proper skill set in place to oversee the integration of two large companies with more than $37 billion of combined revenue, and approve a new business strategy to maximize success over the long term." Staples didn't respond to a request for comment on Wednesday. The...

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