Be Strong Take-Over Presented by JM Family Enterprises, Inc.
Be Strong -- the non-profit bullying prevention organization whose first-of-its-kind student-led approach, with over 300 student leaders in 42 states, helping an estimated 230,000 students -- today announced it has partnered with JM Family Enterprises, Office Depot, People's Trust Insurance, and Kiwanis International, alongside Hero Sponsor, DSW Designer Shoe Warehouse, a Designer Brands Inc. company to host a Be Strong school-takeover and assembly on November 7, 2019, at Deerfield Beach High School (Deerfield Beach, Florida). The event will serve, educate and empower 2,500 students.
Office Depot, Inc. Announces Review of Potential Holding Company Reorganization
Office Depot, Inc. ("Office Depot" or the "Company") (NASDAQ: ODP), a leading integrated business-to-business distribution platform of business services and supplies, today announced that its Board of Directors has approved a feasibility review of the implementation of a holding company reorganization, which is expected to be completed by the end of the first quarter of 2020. If implemented, the reorganization is anticipated to create a new holding company, The ODP Corporation, that will become the new parent company of Office Depot and will replace Office Depot as the public company trading on Nasdaq under Office Depot's current ticker symbol "ODP".
Office Depot Increases and Extends Existing Stock Repurchase Program and Declares Quarterly Cash Dividend of $0.025 Per Share
Office Depot, Inc. (NASDAQ:ODP), a leading provider of business services and supplies, products and technology solutions, today announced that as part of its ongoing commitment to drive shareholder value, its Board of Directors approved an increase in the authorization of its existing stock repurchase program to $200 million and an extension of the program until the end of 2021. The new authorization includes the remaining authorized amount under the Company's previous stock repurchase program. Accordingly, the Company will have approximately $190 million available for share repurchases. The authorization permits the Company to repurchase common stock from time-to-time through a combination of open market repurchases, privately negotiated transactions, 10b5-1 trading plans, accelerated stock repurchase transactions and/or other derivative transactions. The stock repurchase program may be modified, extended, suspended or discontinued at any time. The exact number and timing of share repurchases will depend on market conditions and other factors, and will be funded through available cash balances.
CompuCom Partners with Intel on Remote Endpoint Management
CompuCom(R), a leading provider of managed digital workplace services and a subsidiary of Office Depot, Inc. (NASDAQ:ODP), today announced that it has collaborated with Intel to integrate the Intel vPro platform with Intel(R) Active Management Technology (Intel AMT) into CompuCom's signature digital and automation platforms - providing simple and powerful cloud-based remote endpoint management, including proactive PC maintenance for remote diagnosis and repair.
Office Depot Provides Solutions to Help Small Businesses Unleash Their Full Potential This Holiday Season and Beyond
Office Depot, Inc. (NASDAQ:ODP), a leading B2B integrated distribution platform of business services and supplies, today announced services, convenient shopping options, products and great Black Friday deals geared to help small business owners unleash their full potential this holiday season and start 2020 off strong.
Office Depot to Announce Third Quarter 2019 Results Wednesday, November 6, 2019
Office Depot, Inc. (NASDAQ:ODP), a leading B2B integrated distribution platform of business services and supplies, will announce third quarter 2019 results before market open on Wednesday, November 6, 2019. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time.
Office Depot Distributes Over $2.5 Million in Supplies to Underserved Schools Nationwide
Office Depot, Inc. (NASDAQ:ODP), a leading B2B integrated distribution platform of business services and supplies, recently distributed over $2.5 million in school supplies to help tens of thousands of students and teachers go "Back to School Proud" this year through philanthropic programs focused on empowering education and supporting schools in underserved communities.
Adesso Lights Up Gaming Keyboards
Adesso, Inc., a leading manufacturer of computer peripherals, is pleased to announce the RGB Programmable Mechanical Gaming Keyboard with Detachable Magnetic Palm Rest (Model AKB-650EB). Featuring multi-colored illuminated keys, new Blue mechanical switches, programmable Windows(R) macros keys and an anti-ghosting N-Key rollover, the new RGB Programmable Mechanical Keyboard lights-up game-play, while its detachable magnetic palm rest provides hours of extended comfort. The new RGB Programmable Mechanical Gaming Keyboard will be available through Ingram Micro, Staples, Office Depot, CDW and online retailers starting in October, 2019.
Office Depot Extends Non-Recourse Debt to Align Maturity With Associated Timber Note Receivable
Office Depot, Inc. ("Office Depot," or the "Company") (NASDAQ: ODP), a leading integrated business-to-business ("B2B") distribution platform of business services and supplies, today announced that one of its subsidiaries has secured a 3-month bridge loan facility to refinance its existing non-recourse debt obligation, allowing the Company to cost effectively align the bridge loan's maturity date with the associated timber note receivable due January 29, 2020.