Staples (SPLS) Declares $0.12 Quarterly Dividend; 2.9% Yield

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Go back to Staples (SPLS) Declares $0.12 Quarterly Dividend; 2.9% Yield

Starboard Sends Letter to Staples (SPLS); Still Recommends Board Changes

March 4, 2015 9:43 AM EST

Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Staples, Inc. ("Staples" or the "Company") (Nasdaq: SPLS), with a 4.5% ownership stake, announced that it has delivered a letter to the Company's Board of Directors.

The full text of the letter follows:

March 4, 2015

Members of the Board of Directors of Staples, Inc. Staples, Inc.500 Staples DriveFramingham, MA 01702

Dear Members of the Board,

As you know, Starboard Value LP (together with its affiliates, "Starboard") is currently one of the largest... More