Starboard's Smith says Staples-Office Depot deal to go through: CNBC

Starboard's Smith says Staples-Office Depot deal to go through: CNBC

JIM YOUNG

"We believe that it's likely that it goes through," Smith told cable television network CNBC. Starboard had a 4.5 percent ownership stake in Staples as of March and boosted its holdings in Office Depot to nearly 10 percent in December.

Smith, whose firm is also a Yahoo Inc shareholder, said a merger between the company and AOL Inc still had benefits but that it would make more sense after Yahoo finished spinning off its stake in Alibaba Group Holding Ltd .

(Reporting by Sam Forgione; Editing by Chizu Nomiyama)

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