Featured Press Releases
8/8/16 9:00 am EDTOffice Depot, Inc. Survey Finds Parents Need Greater Support to Prepare Young Children for School Success
77 Percent of Educators Lack Sufficient Communication and Tools to Support Early Education PreparationBOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, through its Office Depot and OfficeMax brands, today announced the results of an early education preparation survey whose findings uncovered that while almost all educators feel support of parents with children younger than school age is important, only 23 percent of educators have sufficient tools to do so. The non-profitmore...
8/3/16 6:50 am EDTBOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) today announced it intends to call its 9.75% Senior Secured Notes due 2019 (the “Notes”) for redemption on September 15, 2016. The Notes will be redeemed for cash at a price equal to 104.875% of the principal amount of the Notes plus accrued and unpaid interest up to, but excluding, the redemption date (the “Redemption Price”). The aggregate principal outstanding of the Notes is $250,000,000. Frommore...
8/3/16 6:50 am EDTBOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) announced that its Board of Directors declared a dividend of $0.025 per share ($0.10 per share on an annualized basis) on the common stock of the Company. The dividend is payable on September 15, 2016, to shareholders of record at the close of business on August 25, 2016. Office Depot Chairman and CEO, Roland Smith, commented, “The initiation of a quarterly dividend reflects confidence in our ability tomore...
8/3/16 6:50 am EDT
Announces Debt Retirement, Initiation of Quarterly Dividend, Expanded Share Repurchase Plan
Identifies Initiatives for Future Growth
Expands U.S. Retail Optimization and Store of the Future Plan
Launches $250 Million Cost Savings ProgramBOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot”, or the “company”) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, today announced results for the second quarter ended June 25, 2016. “We are making good progress rebuilding our sales pipeline and moving our overall business forward, despite the disruption of the prolonged Staples acquisition attempt,” said Roland Smith, chairman and chief executive officer formore...