Content about Company Meeting

New York -- Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed Monday it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.”

In March, Starboard nominated six candidates, including former Home Depot chief Robert Nardelli – to Office Depot’s board in an effort to strengthen the company’s direction.

Harrisburg, Pa. -- The Pennsylvania AFL-CIO said Tuesday that workers, union leaders and shareholders will attend Rite Aid's annual shareholder meeting in Harrisburg, Pa., on June 21.

The group will hold a "Summit Meeting," attended by groups from California, Florida, Ohio, New Jersey, New York and West Virginia, and followed by a media briefing.

Rite Aid workers have attended four previous shareholder meetings. 
 

New York -- Wal-Mart Stores is expected to face scrutiny from shareholders at its annual meeting on Friday in the wake of allegations of bribery  in Mexico.

The allegations are being investigated by the U.S. Department of Justice, the U.S. Securities and Exchange Commission and government agencies in Mexico. Wal-Mart is also conducting an internal probe.
 

Bentonville, Ark.  -- Wal-Mart Stores on Monday announced that the company’s 2012 Annual Shareholders meeting will be held on Fri., June 1, 2012 at 7 a.m. CDT, in Bud Walton Arena at the University of Arkansas in Fayetteville, Ark. 

The meeting also will be webcast on the company’s website at http://walmartstores.com/investors. Following the meeting, there will be an informal 30-minute live question and answer session with company executives for shareholders.

New York City -- Wal-Mart Stores on Friday kicked off its annual shareholders meeting by announcing a $15 billion stock buyback that will replace a previous $15 billion repurchase plan begun a year ago.

The meeting, attended by approximately 15,000 people, including Wal-Mart employees from around the globe, was held at the Bud Walton Arena on the campus of the University of Arkansas in Fayetteville, Ark.

New York City -- Activist investor Bill Ackman’s Pershing Square Capital Management raised its stake in Borders Group from 31.5% to 37.3% and is prepared to finance an offer by Borders to buy larger rival Barnes & Noble, according to a filing with the Securities and Exchange Commission Monday.

According to the statement, Ackman is prepared to finance an offer by Borders to buy all of Barnes & Noble’s stock in an all-cash transaction valued at $16 per share, which would amount to about $960 million, based on the shares outstanding.