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Office Depot Inc (ODP.OQ)

ODP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Paulson & Co dissolves share stake in Facebook, cuts share stake in Allergan
Wednesday, 15 Nov 2017 

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 

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​
Wednesday, 18 Oct 2017 

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
Wednesday, 19 Apr 2017 

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

Office Depot declares quarterly cash dividend of $0.025 per share
Tuesday, 14 Feb 2017 

Office Depot Inc :Office depot declares quarterly cash dividend of $0.025 per share.  Full Article

Office Depot recalls Winsley Chairs due to fall hazard
Tuesday, 4 Oct 2016 

U.S. Consumer Product Safety Commission : Office Depot recalls Winsley chairs due to fall hazard . About 129,000 Office Depot Inc's Winsley mid-back chairs involved in recall .No incidents or injuries related to fall hazard from Winsley chairs has been reported.  Full Article

Office Depot gets irrevocable offer to acquire co's European business
Friday, 23 Sep 2016 

Office Depot Inc : Received an irrevocable offer from Aurelius Rho Invest DS GmbH, a subsidiary of Aurelius Group to acquire co's European business . Transaction is structured as an equity sale with purchaser acquiring the OD European business with its assets, liabilities . Purchaser has provided offer to Office Depot Foreign Holdings LP, LLC and Office Depot Foreign Holdings GP, LLC, units of co . Upon completion of consultation with central works council, Office Depot Foreign Holdings has option to enter into deal with Aurelius Group . If option is not exercised, a EUR 5 million fee will be payable by office depot foreign holdings to purchaser . Office Depot Foreign Holdings' aggregate liability for warranty, indemnity claims under SPA is limited to EUR 10 million related to OD European business . Company will retain responsibility for UK defined benefit pension plan .Until deal closing date, company has agreed to operate OD European business in ordinary course - SEC filing.  Full Article

Office Depot announces retirement of CEO Roland Smith in 2017
Monday, 22 Aug 2016 

Office Depot : Announces retirement of CEO Roland Smith in 2017 and executive reorganization to align with its three-year strategic plan . Office Depot announces retirement of CEO Roland Smith in 2017 and executive reorganization to align with its three-year strategic plan . It is expected Smith will remain chairman of board . Smith will continue to serve as CEO until a successor is named, which is expected by end of Q1 2017 . Board of directors will evaluate, with assistance of an executive search firm, both internal and external candidates for CEO . Reorganizing its executive committee to better align with three-year strategic plan unveiled by company earlier this month. . Consolidating retail, contract, ecommerce and marketing operations .Also named Rob Koch to newly-created position of executive vice president, business development.  Full Article

Office Depot initiates inaugural quarterly cash dividend of $0.025 per share
Wednesday, 3 Aug 2016 

Office Depot Inc :Initiates inaugural quarterly cash dividend of $0.025 per share.  Full Article

Office Depot announces redemption of 9.75% senior secured notes due 2019
Wednesday, 3 Aug 2016 

Office Depot Inc : Office Depot announces redemption of 9.75% senior secured notes due 2019 . Aggregate principal outstanding of notes is $250 million .Notes will be redeemed for cash at price equal to 104.875 percent of principal amount of notes plus accrued and unpaid interest.  Full Article