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Office Depot Inc (ODP.OQ)

ODP.OQ on NASDAQ Stock Exchange Global Select Market

2.84USD
13 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Office Depot says Stores Will Be Closed On Thanksgiving Day
Thursday, 8 Nov 2018 10:12am EST 

Nov 8 (Reuters) - Office Depot Inc ::OFFICE DEPOT AND OFFICEMAX STORES WILL BE CLOSED ON THANKSGIVING DAY.CUSTOMERS CAN START HOLIDAY SHOPPING ONLINE AT 12:01 A.M. ET THANKSGIVING DAY, AND IN-STORE AT 8 A.M. LOCAL TIME ON FRIDAY NOV 23.  Full Article

Office Depot Says Evolving Foreign Trade Policy (Including Tariffs Imposed On Certain Foreign-Made Goods) May Adversely Affect Business
Wednesday, 7 Nov 2018 05:36pm EST 

Nov 7 (Reuters) - Office Depot Inc ::OFFICE DEPOT INC - EVOLVING FOREIGN TRADE POLICY (INCLUDING TARIFFS IMPOSED ON CERTAIN FOREIGN-MADE GOODS) MAY ADVERSELY AFFECT BUSINESS.OFFICE DEPOT - MAY BE ABLE TO SHIFT SOURCING OPTIONS, EXECUTING SHIFT WOULD BE TIME CONSUMING, MAY RESULT IN INCREASE IN MANUFACTURING COSTS.  Full Article

Office Depot Declares Quarterly Cash Dividend Of $0.025 Per Share
Wednesday, 7 Nov 2018 07:20am EST 

Nov 7 (Reuters) - Office Depot Inc ::OFFICE DEPOT DECLARES QUARTERLY CASH DIVIDEND OF $0.025 PER SHARE.  Full Article

Office Depot Declares Quarterly Cash Dividend Of $0.025 Per Share
Tuesday, 7 Aug 2018 06:50am EDT 

Aug 7 (Reuters) - Office Depot Inc ::OFFICE DEPOT DECLARES QUARTERLY CASH DIVIDEND OF $0.025 PER SHARE.  Full Article

Office Depot Says Entered Into Letter Agreement With CFO Joseph Lower
Thursday, 4 Jan 2018 06:23am EST 

Jan 4 (Reuters) - Office Depot Inc ::OFFICE DEPOT SAYS ENTERED INTO LETTER AGREEMENT WITH CFO JOSEPH LOWER - SEC FILING.OFFICE DEPOT - UNDER TERMS OF AGREEMENT, LOWER WILL RECEIVE ANNUAL BASE SALARY OF $600,000.OFFICE DEPOT - UNDER AGREEMENT, LOWER WILL RECEIVE NEW HIRE SIGN-ON EQUITY AWARD OF $2 MILLION FOLLOWING EFFECTIVE DATE OF BECMONING CFO.  Full Article

Office Depot Says Joseph Lower Appointed CFO
Wednesday, 3 Jan 2018 05:30pm EST 

Jan 3 (Reuters) - Office Depot Inc ::OFFICE DEPOT INC ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER.SAYS JOSEPH T. LOWER APPOINTED CFO.- JOSEPH LOWER TO REPLACE RETIRING CFO STEPHEN HARE.OFFICE DEPOT - LOWER MOST RECENTLY SERVED AS VICE PRESIDENT AND CFO AT B/E AEROSPACE.  Full Article

Paulson & Co dissolves share stake in Facebook, cuts share stake in Allergan
Tuesday, 14 Nov 2017 05:26pm EST 

Nov 14 (Reuters) - Paulson & Co Inc::Paulson & Co Inc dissolves share stake in Facebook Inc ‍​- SEC filing.Paulson & Co Inc dissolves share stake in FedEx Corp.Paulson & Co Inc dissolves share stake in Arconic Inc.Paulson & Co Inc cuts share stake in Office Depot Inc by 20.7 percent to 10.0 million shares.Paulson & Co Inc cuts share stake in Allergan plc by 19.4 percent to 2.2 million.Paulson & Co Inc ups share stake in DISH Network Corp by 17.0 percent to 4.7 million class A shares.Paulson & Co Inc cuts share stake in Time Warner Inc by 18.8 percent to 2.4 million shares.Paulson & Co Inc - change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017‍​.  Full Article

Office Depot posts Q3 adj EPS of $0.14 from cont ops
Thursday, 9 Nov 2017 06:50am EST 

Nov 9 (Reuters) - Office Depot Inc ::Office Depot Inc Announces completion of CompuCom acquisition and transformation towards a services-driven company in conjunction with third quarter 2017 results.Q3 adjusted earnings per share $0.14 from continuing operations.Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Q3 GAAP earnings per share $0.19 from continuing operations.Q3 earnings per share $0.17.Q3 sales $2.6 billion versus i/b/e/s view $2.61 billion.Says ‍Retail Division sales were $1.3 billion in Q3 of 2017 compared to $1.5 billion in prior year period​.Says Business Solutions Division sales were $1.3 billion in Q3 of 2017, a decline of 4% compared to Q3 of 2016​.Says ‍​continues to expect total company sales in 2017 to be lower than 2016.Says ‍for Q3 cash provided by operating activities of continuing operations included impact of $16 million in restructuring costs.Says ‍for Q3 cash provided by operating activities of continuing operations also included $12 million in Officemax merger-related costs​.Says ‍​continues to expect 2017 total company sales to be lower due to continued challenging market conditions, hurricane impacts, among others.Says ‍​expects the rate of sales decline to improve in the fourth quarter of 2017 on a comparable 13-week basis.Says expect 2018 sales trends to continue to be impacted by store closures, lower store traffic, ongoing competitive pressures​.  Full Article

Office Depot announces executive VP Michael Allison will leave company effective Oct 13‍​
Tuesday, 17 Oct 2017 04:39pm EDT 

Oct 18 (Reuters) - Office Depot Inc :Office Depot - on Oct 12, co announced Michael Allison, executive vice president, chief administrative officer, will leave company effective Oct 13‍​.Office Depot - ‍pursuant to general release agreement, co will provide $1.3 million to Allison, payable in a lump sum six months following effective date​.  Full Article

Platinum Equity to buy officemax business in Australia and New Zealand from Office Depot
Tuesday, 18 Apr 2017 08:16pm EDT 

April 18 (Reuters) - Office Depot Inc ::Platinum Equity to acquire officemax business in Australia and New Zealand from office depot.Platinum Equity - financial terms were not disclosed.  Full Article