Content about Stake

February 21, 2013

Grupo Gigante seeks to buy remaining stake of Office Depot’s Mexican unit

Grupo Gigante wants buy the 50% stake in the Mexican unit of Office Depot that it does not already own.

New York -- Grupo Gigante wants buy the 50% stake in the Mexican unit of Office Depot that it does not already own.

The Mexican retailer on Thursday said it has offered 8.78 billion pesos ($687.34 million) to buy the stake, Reuters reported.

In March, Gigante entered into a joint venture with Petco Animal Supplies to open at least 50 stores in Mexico and other Latin American countries over seven years.

September 17, 2012

Activist investor reveals 13% stake in Office Depot

Starboard Value disclosed that it has taken a 13.3% stake in Office Depot.

Delray Beach, Fla. -- Starboard Value disclosed on Monday that it has taken a 13.3% stake in Office Depot. According to a report by Reuters, the activist hedge fund now becomes the office supply retailer’s biggest shareholder.

In a letter to Office Depot CEO Neil Austrian, Starboard CEO Jeffrey Smith called for lowering expenses to improve performance.

August 19, 2011

Liberty acquires 17% stake in Barnes & Noble for $204 million

Barnes & Noble revealed late Thursday that media conglomerate Liberty Media has acquired a stake in the bookseller for $204 million.

New York City -- Barnes & Noble revealed late Thursday that media conglomerate Liberty Media has acquired a stake in the bookseller for $204 million.

The move, while celebrated by Barnes & Noble, is thought to be a disappointment for investors, who wanted the John C. Malone-controlled Liberty Media to buy Barnes & Noble outright. Liberty’s current investments include Starz Entertainment, home shopping channel QVC and the Atlanta Braves baseball team.