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Office Depot Inc (ODP.O)

ODP.O on Nasdaq

5.08USD
25 Apr 2017
Change (% chg)

$0.14 (+2.83%)
Prev Close
$4.94
Open
$5.00
Day's High
$5.15
Day's Low
$4.97
Volume
5,922,093
Avg. Vol
5,509,023
52-wk High
$6.35
52-wk Low
$3.01

Latest Key Developments (Source: Significant Developments)

Fairpointe Capital LLC reports 6.4 pct passive stake in Office Depot Inc
Friday, 21 Apr 2017 03:56pm EDT 

April 21 (Reuters) - Office Depot Inc :Fairpointe Capital LLC reports 6.4 percent passive stake in Office Depot Inc as on March 31, 2017 - SEC Filing.  Full Article

Office Depot reports deal to sell operations in Australia and New Zealand
Tuesday, 18 Apr 2017 06:00pm EDT 

April 18 (Reuters) - Office Depot Inc ::Office Depot announces deal to sell operations in Australia and New Zealand to Platinum Equity.Office Depot announces deal to sell operations in Australia and New Zealand to Platinum Equity.Says Goldman, Sachs & Co. acted as Office Depot's exclusive financial advisor on transaction.  Full Article

Office Depot announces partnership with Silverback Learning Solutions
Monday, 20 Mar 2017 09:00am EDT 

Office Depot Inc :Office Depot Inc - announced a partnership with Silverback Learning Solutions.  Full Article

Office Depot announces new advertising agency of record
Thursday, 2 Mar 2017 08:30am EST 

Office Depot Inc :Office Depot Inc - Has reached a two-year agreement with Zimmerman Advertising, LLC as its advertising and media agency of record.  Full Article

Office Depot posts Q4 earnings per share $0.15
Wednesday, 1 Mar 2017 06:45am EST 

Office Depot Inc : Office Depot Inc announces fourth quarter and full year 2016 results . Office Depot Inc - completes sale of European business . Office Depot Inc says completes sale of european business . Q4 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Q4 earnings per share $0.15 . Office Depot Inc - expects total company sales in 2017 to be lower than 2016, primarily due to impact of store closures . Says company expects to close approximately 75 stores in 2017 . Office Depot Inc says continues to expect to achieve approximately $500 million in adjusted operating income in fiscal 2017 . Office Depot Inc says in 2017, capital expenditures are expected to be approximately $200 million . Office Depot Inc - expects rate of sales decline to improve throughout 2017 based on improvements in customer retention among others . Office Depot Inc says anticipates free cash flow from continuing operations to be more than $300 million in 2017 . Office Depot Inc - estimates it will incur up to approximately $125 million in one-time costs and capital expenditures to implement cost saving programs . Office Depot Inc - as part of new cost saving program announced last year, expects to deliver over $250 million in annual benefits by end of 2018 . Office Depot - international businesses located in Australia, New Zealand, South Korea and Mainland China continue to be "actively marketed for sale".  Full Article

Office Depot recalls Winsley Chairs due to fall hazard
Tuesday, 4 Oct 2016 12:15pm EDT 

U.S. Consumer Product Safety Commission : Office Depot recalls Winsley chairs due to fall hazard . About 129,000 Office Depot Inc's Winsley mid-back chairs involved in recall .No incidents or injuries related to fall hazard from Winsley chairs has been reported.  Full Article

Office Depot gets irrevocable offer to acquire co's European business
Friday, 23 Sep 2016 01:22pm EDT 

Office Depot Inc : Received an irrevocable offer from Aurelius Rho Invest DS GmbH, a subsidiary of Aurelius Group to acquire co's European business . Transaction is structured as an equity sale with purchaser acquiring the OD European business with its assets, liabilities . Purchaser has provided offer to Office Depot Foreign Holdings LP, LLC and Office Depot Foreign Holdings GP, LLC, units of co . Upon completion of consultation with central works council, Office Depot Foreign Holdings has option to enter into deal with Aurelius Group . If option is not exercised, a EUR 5 million fee will be payable by office depot foreign holdings to purchaser . Office Depot Foreign Holdings' aggregate liability for warranty, indemnity claims under SPA is limited to EUR 10 million related to OD European business . Company will retain responsibility for UK defined benefit pension plan .Until deal closing date, company has agreed to operate OD European business in ordinary course - SEC filing.  Full Article

Office Depot announces retirement of CEO Roland Smith in 2017
Monday, 22 Aug 2016 07:30am EDT 

Office Depot : Announces retirement of CEO Roland Smith in 2017 and executive reorganization to align with its three-year strategic plan . Office Depot announces retirement of CEO Roland Smith in 2017 and executive reorganization to align with its three-year strategic plan . It is expected Smith will remain chairman of board . Smith will continue to serve as CEO until a successor is named, which is expected by end of Q1 2017 . Board of directors will evaluate, with assistance of an executive search firm, both internal and external candidates for CEO . Reorganizing its executive committee to better align with three-year strategic plan unveiled by company earlier this month. . Consolidating retail, contract, ecommerce and marketing operations .Also named Rob Koch to newly-created position of executive vice president, business development.  Full Article

Office Depot initiates inaugural quarterly cash dividend of $0.025 per share
Wednesday, 3 Aug 2016 06:50am EDT 

Office Depot Inc :Initiates inaugural quarterly cash dividend of $0.025 per share.  Full Article

Office Depot announces redemption of 9.75% senior secured notes due 2019
Wednesday, 3 Aug 2016 06:50am EDT 

Office Depot Inc : Office Depot announces redemption of 9.75% senior secured notes due 2019 . Aggregate principal outstanding of notes is $250 million .Notes will be redeemed for cash at price equal to 104.875 percent of principal amount of notes plus accrued and unpaid interest.  Full Article

More From Around the Web

BRIEF-Fairpointe Capital LLC reports 6.4 pct passive stake in Office Depot Inc

* Fairpointe Capital LLC reports 6.4 percent passive stake in Office Depot Inc as on March 31, 2017 - SEC Filing Source text (http://bit.ly/2pmzp5y) Further company coverage: