Office Depot Inc.
 (ODP)

- NASDAQ
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Mar. 6, 2015, 7:16 AM
    • The American Postal Workers Union says it has engaged lawyers and economists to help in the crusade to block the merger between Staples (NASDAQ:SPLS) and Office Depot (NASDAQ:ODP).
    • The group maintains the combination of office supply giants is bad for consumers and is confident the deal can be stopped.
    • Postal labor organizations have had an issue with Staples ever since it landed a deal to set up postal counters, although their protests haven't resonated due to the mammoth losses piled up by the USPTO.
    | Mar. 6, 2015, 7:16 AM | 3 Comments
  • Mar. 4, 2015, 9:43 AM
    • Starboard Value issues a letter to the board at Staples (SPLS -0.5%) on the topic of the planned merger with Office Depot (ODP -0.2%).
    • The hedge fund thinks Staples is worth $32 to $37 per share post-deal after synergies are factored in.
    • Though the tone of the letter is friendly, it's clear that Starboard expects a transition in the board of the merged company to bring on talent that can help maximize synergies.
    | Mar. 4, 2015, 9:43 AM
  • Feb. 24, 2015, 9:38 AM
    | Feb. 24, 2015, 9:38 AM
  • Feb. 24, 2015, 7:10 AM
    • Office Depot (NASDAQ:ODP) reports sales in the retail division fell 7.2% to $1.539B in Q4 on a pro forma basis which takes into consideration the OfficeMax merger.
    • The pro forma same-store sales comp was -2%.
    • Retail operating margin +240 bps to 1.0%.
    • North American Business Solutions Division sales -1% on a pro forma basis to $1.46B. Operating margin +300 bps to 4.5%.
    • International sales -4% to $834M. Operating margin +40 bps to 3.5%.
    • Due to the merger with Staples (NASDAQ:SPLS), guidance is withdrawn by the company, although it did say it expects total company sales to be lower in 2015.
    • Merger synergy benefits of $750M per year are forecast.
    • ODP +1.80% premarket.
    | Feb. 24, 2015, 7:10 AM
  • Feb. 24, 2015, 6:54 AM
    • Office Depot (NASDAQ:ODP): Q4 EPS of $0.07 beats by $0.03.
    • Revenue of $3.83B (-5.7% Y/Y) misses by $80M.
    • Shares +2.33% PM.
    | Feb. 24, 2015, 6:54 AM
  • Feb. 23, 2015, 5:30 PM
  • Feb. 13, 2015, 11:13 AM
    • Office Depot (NASDAQ:ODP) trades at $9.59 to mark a 12.8% discount to the deal price it struck with Staples (NASDAQ:SPLS).
    • The lackluster response of shares is due in part to apprehension the FTC will get in the way of the combination.
    • Retail Dive notes Staples can walk away from the deal if regulators require too many stores to be divested.
    • Staples is down 10.7% since the acquisition was announced from an initial pre-announcement pop.
    | Feb. 13, 2015, 11:13 AM | 6 Comments
  • Feb. 5, 2015, 10:14 AM
    • Janney Capital thinks Staples (NASDAQ:SPLS) was a little conservative when it estimated $1.6B in deal synergies from a merger with Office Depot (NASDAQ:ODP).
    • The investment firm sees fair value on Staples at $22.
    • Other analysis on the deal isn't quite so optimistic.
    • Staples will inherit another 2K stores that collectively haven't put up a positive comp since 2007, notes Harvard professor Rajiv Lal.
    • Another breakdown: SA contributor Dallas Salazar
    • Previously: Staples acquires Office Depot for $6.3B (Feb. 04 2015)
    • Shares of Staples are up 0.84% to $16.91 today. Office Depot (ODP) is hanging steady at $9.47 vs. the implied deal price of $11.
    | Feb. 5, 2015, 10:14 AM | 1 Comment
  • Feb. 4, 2015, 7:43 AM
    • Shares of Office Depot (NASDAQ:ODP) move higher in early trading after coming off of a trading halt.
    • Some investors appear to be cautious on concerns the merger will face a major regulatory roadblock.
    • ODP +7.2% to $9.95 premarket vs. $11.00 Staples (NASDAQ:SPLS) offer ($7.25 in cash + 0.2188 shares of SPLS).
    • SPLS -2.26% to $18.58.
    • Previously: Staples acquires Office Depot for $6.3B
    | Feb. 4, 2015, 7:43 AM | 2 Comments
  • Feb. 4, 2015, 7:09 AM
    • Staples (NASDAQ:SPLS) announces it will acquire Office Depot (NASDAQ:ODP) for $6.3B.
    • The transaction values Office Depot at $11.00 per share vs. yesterday's closing price of $9.28.
    • The company expects to generate at least $1B in annualized cost synergies.
    • A closing before the end of the year is anticipated after a regulatory review is completed.
    • Shares of ODP are currently halted.
    | Feb. 4, 2015, 7:09 AM | 10 Comments
  • Feb. 3, 2015, 12:47 PM
    | Feb. 3, 2015, 12:47 PM
  • Feb. 3, 2015, 12:17 PM
    • Retail space continues to open up as more companies look to trim their store counts or reposition themselves in front of mergers or bankruptcies.
    • In some cases, the transition is based on repositioning assets to online fulfillment centers.
    • A quick scan indicates Sears Holdings (NASDAQ:SHLD), J.C. Penney (NYSE:JCP), RadioShack (NYSE:RSH), Dollar Tree (NASDAQ:DLTR), Wet Seal (NASDAQ:WTSL), Macy's (NYSE:M), Haverty Furniture (NYSE:HVT), Bon-Ton Stores (NASDAQ:BONT), Aeropostale (NYSE:ARO), Rent-A-Center (NASDAQ:RCII), and Wolverine Worldwide (NYSE:WWW) are unloading properties.
    • Analysts have warned the flooded market could lead to some disappointing transaction prices or lease rates for the companies involved.
    • What to watch: A merger between Staples (NASDAQ:SPLS) and Office Depot (NASDAQ:ODP) or a major retooling from Best Buy (NYSE:BBY) this year could add to the tally.
    | Feb. 3, 2015, 12:17 PM | 19 Comments
  • Feb. 3, 2015, 10:09 AM
    • Shares of Office Depot (NASDAQ:ODP) are up 19.7% and Staples (NASDAQ:SPLS) has run up an 11% gain as investors discount any concerns that regulators will get in the way of an office supply store mega-merger.
    • Retail analysts think significant cost savings could be derived from a merger as the combined store count of the chains is reduced.
    • Staples has over 3.8K stores, while the Office Depot/OfficeMax count is over 2K.
    • Previously: Staples, Office Depot in advanced talks to combine
    | Feb. 3, 2015, 10:09 AM
  • Feb. 3, 2015, 2:03 AM
    • Facing pressure from activist investor Starboard Value, WSJ reports that Staples (NASDAQ:SPLS) and Office Depot (NASDAQ:ODP) are in advanced talks to merge.
    • Regulators nixed Staples' attempt to buy Office Depot in 1997, but the FTC approved Office Depot's $976M acquisition of OfficeMax in 2013 without the need to close any stores.
    • The price and structure of the proposed deal couldn’t be learned.
    • SPLS +5.2%; ODP +13% premarket
    | Feb. 3, 2015, 2:03 AM | 5 Comments
  • Jan. 20, 2015, 1:28 PM
    | Jan. 20, 2015, 1:28 PM
  • Jan. 20, 2015, 10:11 AM
    | Jan. 20, 2015, 10:11 AM | 2 Comments
Company Description
Office Depot Inc is a supplier of office products and services. It offers products including office supplies, paper, ink & tone, cleaning chemical & equipment's, monitors & equipment's, computers & tablets, office appliances, and school supplies.