New York, NY -- (SBWIRE) -- 02/25/2013 -- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of OfficeMax Incorporated (OMX) by Office Depot, Inc. (NYSE:ODP). OfficeMax, together with its subsidiaries, distributes business-to-business and retail office products.
On February 20, 2013, OfficeMax and Office Depot announced a definitive merger agreement whereby the companies will combine in an all-stock merger. OfficeMax shareholders will receive 2.69 Office Depot common shares for each share of OfficeMax common stock, an implied cash value of $13.50.
Robbins Arroyo LLP&aposs investigation focuses on whether the board of directors at OfficeMax is undertaking a fair process to obtain maximum value and adequately compensate its shareholders in light of the proposed acquisition. The merger consideration is below the $15.00 target price of Sidoti and Co. and the $17.00 target price of B. Riley and Co.
Find out more on ODP here: http://www.wallstreetscoop.net/market-scan/?symbol=ODP
Texas Instruments Inc. (NASDAQ:TXN) said it will increase its quarterly dividend by 33 percent, from $0.21 per share to $0.28, payable May 20, 2013, to shareholders of record on April 30, 2013. Annualized, the new dividend will be $1.12. The dividend announcement will be the 10th consecutive year of dividend increases.
Additionally, TI authorized the repurchase of an additional $5 billion of its common stock bringing the total outstanding authorization to $8.4 billion.
Texas Instruments semiconductor innovations help 90,000 customers unlock the possibilities of the world as it could be – smarter, safer, greener, healthier and more fun.
Get the latest trend analysis report on TXN here:
WallStreetScoop.net issues momentum alerts on stocks that can provide gains to day traders and short-term investors. WallStreetScoop.net provides members with timely information and exclusive alerts on under-valued stocks in the United States with the potential to deliver short-term gains.
WallStreetScoop.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetScoop.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading small cap stocks. Gain an Edge by joining the WallStreetScoop.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Scoop believes traders should have a chance at successfully trading Small stocks and invites traders and investors to be part of the free membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetScoop.net
Disclosure: WallStreetScoop.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetScoop.Net website, for complete risks and disclosures.
Investor Alley, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
For full disclaimer visit: http://www.wallstreetscoop.net/disclaimer/
Wall Street Scoop
For more information on this press release visit: http://www.sbwire.com/press-releases/investors-eye-catching-stocks-nyse-odp-nasdaq-txn-212226.htm