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ODP Corp

ODP.N

Latest Trade

43.01USD

Change

0.25(+0.58%)

Volume

2,339

Today's Range

42.99

 - 

43.99

52 Week Range

34.41

 - 

51.25

As of on the NASDAQ ∙ Minimum 15 minute delay

Latest Developments

The ODP Corp Delays Public Co Separation To Evaluate Potential Sale Of Its Consumer Business

Jan 14 (Reuters) - ODP Corp <ODP.O>::THE ODP CORPORATION DELAYS PUBLIC COMPANY SEPARATION TO EVALUATE POTENTIAL SALE OF ITS CONSUMER BUSINESS.ODP CORP - ANNOUNCES IT HAS RECEIVED A PROPOSAL FROM A SECOND PARTY TO ACQUIRE ITS CONSUMER BUSINESS.ODP CORP - IN DECEMBER 2021, ODP'S BOARD OF DIRECTORS RECEIVED A NON-BINDING PROPOSAL FROM ANOTHER THIRD PARTY TO ACQUIRE COMPANY'S CONSUMER BUSINESS.ODP CORP - REMAINS IN CONVERSATION WITH SYCAMORE AS IT FURTHER EVALUATES POTENTIAL VALUE AND REGULATORY RISK OF SYCAMORE'S PROPOSED TRANSACTION.ODP CORP - TERMS OF DECEMBER 2021 THIRD PARTY PROPOSAL ARE CONFIDENTIAL.ODP CORP - REVIEWING BOTH PROPOSALS.ODP - TO DELAY FURTHER WORK ON SEPARATION TO AVOID INCURRING POTENTIALLY UNNECESSARY COSTS WHILE FOCUSING ON POTENTIAL SALE OF CONSUMER BUSINESS.

Hg Vora Capital Management Llc Says On Dec 30, 2021, Entered Into First Amendment To Cooperation Agreement With Odp Corp - SEC Filing

Jan 3 (Reuters) - ODP Corp <ODP.O>::HG VORA CAPITAL MANAGEMENT LLC SAYS ON DEC 30, 2021, ENTERED INTO FIRST AMENDMENT TO COOPERATION AGREEMENT WITH ODP CORP - SEC FILING.

ODP Announces Sale Of Its Compucom Unit In Deal Valued Up To $305 Mln

Dec 31 (Reuters) - ODP Corp <ODP.O>::THE ODP CORPORATION ANNOUNCES SALE OF ITS COMPUCOM SUBSIDIARY IN TRANSACTION VALUED UP TO $305 MILLION.ODP CORP - EXISTING SHARE REPURCHASE AUTHORIZATION INCREASED BY $200 MILLION.ODP CORP - SOLD ITS COMPUCOM SYSTEMS SUBSIDIARY TO AN AFFILIATE OF VARIANT EQUITY.ODP CORP - TRANSACTION CONSIDERATION OF UP TO $305 MILLION CONSISTS OF MIX OF CASH, AN INTEREST-BEARING PROMISSORY NOTE, AND A CONTINGENT FUTURE EARN OUT.

ODP Corp Reports Q3 Business Solutions Sales Of $1.2 Bln

Nov 3 (Reuters) - Odp Corp <ODP.O>::SAYS EARLIER ANNOUNCED GERRY SMITH WILL REMAIN AS CEO OF ODP CORP FOLLOWING SEPARATION.SAYS EARLIER ANNOUNCED KEVIN MOFFITT TO BE APPOINTED CEO OF OFFICE DEPOT FOLLOWING SEPARATION.BUSINESS SOLUTIONS DIVISION REPORTED SALES WERE $1.2 BILLION IN Q3 OF 2021, DOWN 2%.PACE OF BACK-TO-OFFICE TRENDS WAS SLOWER DURING QUARTER.RETAIL DIVISION REPORTED SALES WERE $999 MILLION IN Q3 OF 2021, DOWN 13%.Q3 EARNINGS PER SHARE VIEW $1.49, REVENUE VIEW $2.27 BILLION -- REFINITIV IBES DATA.CONTINUES TO MAKE PROGRESS ON ITS PLANS TO SEPARATE ODP INTO TWO, INDEPENDENT, PUBLICLY-TRADED COMPANIES.Further company coverage: <ODP.O>. ((Reuters.Briefs@thomsonreuters.com;)).

The ODP Corp Announces Third Quarter 2021 Results

Nov 3 (Reuters) - ODP Corp <ODP.O>::THE ODP CORPORATION ANNOUNCES THIRD QUARTER 2021 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.76 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $1.33 FROM CONTINUING OPERATIONS.Q3 SALES FELL 7 PERCENT TO $2.2 BILLION.

The ODP Corp Announces Selection Of Chief Executive Officers, Co Names Ahead Of Planned Spin-Off

Aug 24 (Reuters) - ODP Corp <ODP.O>::THE ODP CORPORATION ANNOUNCES SELECTION OF CHIEF EXECUTIVE OFFICERS AND COMPANY NAMES AHEAD OF PLANNED SPIN-OFF.ODP CORP - EXPECTS TO COMPLETE TAX-FREE SPIN-OFF OF ITS CONSUMER BUSINESS TO ODP SHAREHOLDERS IN FIRST HALF 2022.ODP CORP - GERRY SMITH WILL CONTINUE TO SERVE AS CEO OF ODP CORPORATION FOLLOWING SEPARATION.ODP CORP - KEVIN MOFFITT, CURRENTLY EVP, CHIEF RETAIL OFFICER OF ODP CORPORATION, WILL BE APPOINTED CEO OF OFFICE DEPOT UPON COMPLETION OF SPIN-OFF.ODP CORP - ODP'S NEWLY FORMED B2B DIGITAL PLATFORM TECHNOLOGY BUSINESS WILL BE NAMED VARIS.ODP CORP - ODP BUSINESS SOLUTIONS AND VARIS WILL BE OWNED BY ODP, BUT OPERATED AS SEPARATE BUSINESSES.

ODP Says Reviewing Staples' Proposal With Assistance Of Financial, Legal Advisors

June 4 (Reuters) - ODP Corp <ODP.O>::THE ODP CORPORATION CONFIRMS RECEIPT OF STAPLES PROPOSAL TO ACQUIRE CONSUMER BUSINESS.ODP CORP - CAREFULLY REVIEWING STAPLES' PROPOSAL WITH ASSISTANCE OF ITS FINANCIAL AND LEGAL ADVISORS.

Staples Proposes To Acquire The ODP Corp's Consumer Business

June 4 (Reuters) - ODP Corp <ODP.O>::STAPLES PROPOSES TO ACQUIRE THE ODP CORPORATION'S CONSUMER BUSINESS.USR PARENT INC- SENT A LETTER TO BOARD OF DIRECTORS OF ODP CORPORATION (NASDAQ: ODP) OUTLINING A $1.0 BILLION OR $18.27 PER SHARE PROPOSAL.USR PARENT - PROPOSAL TO ACQUIRE ODP CORPORATION'S CONSUMER BUSINESS, INCLUDING OFFICE DEPOT AND OFFICEMAX RETAIL STORES BUSINESS.USR PARENT - STAPLES INTENDS TO PROVIDE COMPANY WITH CUSTOMARY EQUITY AND DEBT FINANCING COMMITMENT LETTERS.

The ODP Corp Reports Q1 Adjusted EPS $1.21

May 5 (Reuters) - ODP Corp <ODP.O>::THE ODP CORPORATION ANNOUNCES FIRST QUARTER 2021 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.21.Q1 GAAP EARNINGS PER SHARE $0.95.Q1 SALES FELL 13 PERCENT TO $2.4 BILLION.BOARD APPROVES A NEW $300 MILLION STOCK REPURCHASE AUTHORIZATION.CONDITIONS RELATED TO COVID-19 PERSISTED IN QUARTER AND ADVERSE WEATHER TEMPORARILY IMPACTED OPERATIONS IN SOUTHWEST.ENCOURAGED BY INCREASED BUSINESS ACTIVITY AND TRACTION EXITING QUARTER.COVID-19 CONDITIONS CONTINUED TO IMPACT CONTRACT CHANNEL, WE DID ACHIEVE ONE OF HIGHEST LEVELS OF NET NEW CUSTOMER WINS.RETAIL DIVISION REPORTED SALES $1.0 BILLION IN Q1 OF 2021, DOWN 10% VERSUS PRIOR YEAR PERIOD.Q1 EARNINGS PER SHARE VIEW $0.72, REVENUE VIEW $2.41 BILLION -- REFINITIV IBES DATA.

The Odp Corporation Announces Plans To Separate Into Two Independent, Publicly Traded Companies

May 5 (Reuters) - ODP Corp <ODP.O>::THE ODP CORPORATION ANNOUNCES PLANS TO SEPARATE INTO TWO INDEPENDENT, PUBLICLY TRADED COMPANIES.ODP CORP - EXPECTS TO COMPLETE SEPARATION DURING FIRST HALF OF 2022.ODP CORP - PLANS TAX-FREE SPIN-OFF OF ITS BUSINESS-TO-BUSINESS (B2B) SOLUTIONS PROVIDER.ODP CORP - SEPARATION WILL NOT REQUIRE A VOTE OF ODP SHAREHOLDERS.ODP CORP - ADDITIONAL DETAILS OF SEPARATION ARE EXPECTED TO BE ANNOUNCED IN COMING MONTHS.ODP CORP - SEPARATION IS EXPECTED TO OCCUR THROUGH A DISTRIBUTION OF SHARES OF NEWCO AS A TAX-FREE DIVIDEND TO ODP'S SHAREHOLDERS.ODP CORP - ODP SHAREHOLDERS WILL OWN 100% OF EQUITY IN BOTH OF PUBLICLY TRADED COMPANIES..ODP CORP - SALE PROCESS FOR COMPUCOM IS MOVING FORWARD AS PLANNED.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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