Starboard Value LP Acquires 5.1% Stake in Staples: What It Means for Mutual Fund Investors (SPLS)

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News

Starboard Value LP Acquires 5.1% Stake in Staples: What It Means for Mutual Fund Investors (SPLS)

Shauna O'Brien Dec 11, 2014

On Thursday morning, reports were released that activist investor Starboard Value LP has acquired a 5.1% stake in Staples.

Inside the News

Starboard Value LP has acquired a 5.1% stake in Staples. In addition, the firm has boosted its stake in Office Depot to 9.9%.

Many analysts and investors have been pushing for the two office supply companies to join in order to better compete with companies like Amazon (AMZN). This deal may increase pressure for the two companies to make a deal.

Mutual Funds to Watch

Investors seeking exposure to Staples may also consider a mutual fund investment as an alternative to directly investing in the stock. The mutual funds listed below currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
FLPSX Fidelity® Low-Priced Stock 3.93%
CHTTX ASTON/Fairpointe Mid Cap 2.78%
FDSAX SunAmerica Focused Dividend Strategy 2.55%

The Bottom Line

The funds above may be a good alternative for investors that are interested in SPLS but are seeking additional exposure to other holdings and industries. Investors interested in SPLS may also be interested in Office Depot (ODP) and OfficeMax (OMX).

Shares of SPLS has been flat YTD.

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