OfficeMax Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Office Depot

DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of OfficeMax Inc. ("OfficeMax") (NYS: OMX) to Office Depot, Inc. for shareholders. Under the terms of the proposed sale valued at approximately $1.2 billion, OfficeMax shareholders will only receive 2.69 shares of Office Depot common stock for each OfficeMax share. Based on Tuesday's closing price, the consideration for this sale is valued at $13.50, well below at least one analyst's estimated value of $17.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at There is no cost or fee to you.

The OfficeMax sale investigation centers on whether OfficeMax's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues OfficeMax's stock, and whether OfficeMax's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to at least one analyst with Yahoo! Finance, the true inherent value of OfficeMax could be as high as $17.00 per share. According to shareholder rights attorney Patrick Powers, "based on the historical trading prices, the proposed sale price and other factors, we believe this transaction may undervalue OfficeMax's stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607

KEYWORDS:   United States  North America  Texas


The article OfficeMax Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Office Depot originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Increase your money and finance knowledge from home

What is Short Selling?

Make a profit when stocks prices fall.

View Course »

Basics of Diversification

Learn one of the fundamental concepts of building a portfolio.

View Course »

Add a Comment

*0 / 3000 Character Maximum