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@OfficeDepot

Press Releases - Corporate/Financial

  • 9/6/16 9:00 am EDT
    BOCA 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 that the company’s global headquarters in Boca Raton, Florida, has been awarded Gold Re-Certification under the U.S. Green Building Council (USGBC)’s Leadership for Energy and Environmental Design (LEED) for Existing Buildings: Operations and Maintenance rating systemmore...
  • 8/22/16 7:30 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ:ODP) today announced that Roland Smith plans to retire as Chief Executive Officer of the company. Smith will continue to serve as CEO until a successor is named, which is expected by the end of first quarter 2017. It is expected Smith will remain Chairman of the Board. The Board of Directors will evaluate, with the assistance of an executive search firm, both internal and external candidates for CEO. “Sincemore...
  • 8/3/16 6:50 am EDT
    BOCA 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 EDT
    BOCA 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 Program

    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, 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...
  • 8/1/16 8:30 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, today announced that Kristin Campbell has been appointed to its Board of Directors. Additionally, Campbell will serve on the Audit Committee. “We are excited to welcome Kristin to our board. Her executive leadership experience, including nearly two decades in the office products industry, bringsmore...
  • 7/20/16 4:30 pm EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, will announce fiscal second quarter 2016 results before market open on Wednesday, August 3, 2016. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit the Office Depot Investor Relations website at investor.officedepot.com. A replaymore...
  • 6/15/16 9:00 am EDT

    33 Percent Increase from 2015 in Seasonal Hires

    BOCA 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 plans to hire 8,000 seasonal and regular retail associates during its busy back-to-school season. The seasonal associates help support the increased customer traffic from parents, students and teachers shopping for all of their school supply needs. Office Depot is gearingmore...
  • 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...