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General Business & Trade Media Inquiries:
Karen Denning

Store, Promotional & Product Inquiries:
Julianne Embry
Sarah England
Media Relations

 

   

@OfficeDepot

     

@OfficeMax

Press Releases - Corporate/Financial

  • 5/31/16 8:00 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) today announced that the Board of Directors has authorized a stock repurchase program of up to $100 million of its outstanding common stock. The stock repurchase authorization, which is effective immediately, permits the company to repurchase stock from time-to-time through a combination of open market repurchases, privately negotiated transactions, 10b5-1 trading plans, accelerated stock repurchasemore...
  • 5/16/16 4:30 pm EDT

    Will Receive $250 Million Termination Fee from Staples

    Executes $1.2 Billion Five-Year Extension to its Credit Facility

    Finalizing Comprehensive Business Review

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) today announced that the merger agreement between Staples, Inc. (NASDAQ: SPLS) and Office Depot has been terminated. As a result, Office Depot will receive a cash payment from Staples of $250 million on May 19, 2016. Simultaneously, Office Depot announced that it has successfully extended its asset-based credit facility for an additional five years. The new $1.2 billion facility will mature on May 13,more...
  • 5/10/16 7:03 pm EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) today issued the following statement from Chairman and Chief Executive Officer Roland Smith after the U.S. District Court in the District of Columbia granted the Federal Trade Commission’s (FTC) request for a preliminary injunction to block the proposed merger of Staples, Inc. (NASDAQ: SPLS) and Office Depot. Smith commented: “While we are respectful of the Court’s decision to grant the FTC’smore...
  • 4/26/16 6:50 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot”, or the “Company”) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, which entered into a definitive agreement on February 4, 2015 to be acquired by Staples, Inc. (“Staples”), today announced results for the first quarter ended March 26, 2016. “The protracted regulatory review of the pending Staples acquisition continues to have a substantial disruptive impact on ourmore...
  • 4/19/16 5:03 pm EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, which entered into a definitive agreement on February 4, 2015 to be acquired by Staples Inc., will announce first quarter 2016 results for the fiscal period ending March 26, 2016, before market open on Tuesday, April 26, 2016. The company does not plan to host an earnings conference call. About Office Depot, Inc.more...
  • 3/18/16 8:04 am EDT
    FRAMINGHAM, Mass. and BOCA RATON, Fla. (March 18, 2016) – Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) issued the following open letter to customers:To Our Valued Customers,On Monday, Staples and Office Depot begin our hearing in U.S District Court as we fight to merge the two companies.Our commitment to this merger has not changed. The transaction is good for customers of all sizes. The combined company will be positioned to better serve the changing needs ofmore...
  • 2/23/16 6:50 am EST

    Continues to Deliver Improvement in Operating Income

    Expects Preliminary Adjusted Operating Income(1) of $500 Million for 2016

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot”, or the “company”) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, which entered into a definitive agreement on February 4, 2015 to be acquired by Staples, Inc. (“Staples”), today announced results for the fourth quarter and year ended December 26, 2015. “We were pleased to deliver another year of strong operating results in 2015, despite experiencing substantialmore...
  • 2/9/16 9:00 am EST
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, which entered into a definitive agreement on February 4, 2015 to be acquired by Staples Inc., will announce fourth quarter 2015 results for the fiscal period ending December 26, 2015, before market open on Tuesday, February 23, 2016. The company does not plan to host an earnings conference call. About Office Depot, Incmore...
  • 2/2/16 4:03 pm EST
    FRAMINGHAM, Mass. and BOCA RATON, Fla., Feb. 2, 2016 – Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NASDAQ: ODP) today announced the completion of financing arrangements and the extension of their merger agreement from February 4, 2016 to May 16, 2016. The extension allows for the completion of ongoing federal district court litigation with the Federal Trade Commission.On February 4, 2015, Staples and Office Depot entered into a definitive merger agreement to combine as a singlemore...
  • 1/20/16 8:02 am EST
    FRAMINGHAM, Mass. and BOCA RATON, Fla., Jan. 20, 2016 – Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NASDAQ: ODP) today announced that the Board of Directors of both companies intend to waive the merger agreement termination date of February 4, 2016, and extend it to May 16, 2016.  The extension allows for the completion of ongoing federal district court litigation with the Federal Trade Commission. The companies are working to extend financing terms for the transaction, andmore...