Mergers and Acquisitions

Office Depot, Starboard End Board Battle

Office Depot said it reached an agreement with shareholder Starboard Value just before Wednesday’s annual meeting, resolving a dispute over the office supply retailer’s board.

Diageo Gets Green Light for $358M China Deal

Diageo, the world’s biggest spirits maker, has received approval from Chinese authorities to move forward with the planned purchase of the 47% stake in Sichuan Chengdu Shuijingfang.

Pearson Shares Rise on Report of Pending FT Sale

Shares of London-based Pearson rose about 1% Friday on a report that News Corp.’s Rupert Murdoch and Abu Dhabi’s state media group are exploring an acquisition of the Financial Times Group.

Office Depot Exits Mexico Joint Venture

Office Depot is selling its 50% stake in a Mexican joint venture to Grupo Gigante, following calls from its biggest investor to exit the business.