Stock Market & Financial Investment News

News Breaks March 18, 2013 06:43 EDT ODP Office Depot upgraded to Buy from Hold at KeyBanc KeyBanc upgraded OfficeMax (OMX) and Office Depot (ODP) to Buy from Hold given the potential synergies from the merger. The firm expects the FTC to approve the deal and that the use of tax credits and NOLs will support earnings upside and free cash flow expectations. OfficeMax price target is $14.50 and Office Depot's is $4.80. News For ODP From The Last 14 Days Check below for free stories on ODP the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 14, 2013 09:15 EDT ODP Starboard files complaint asking Office Depot to hold meeting Subscribe for More Information 06:02 EDT ODP Starboard Value sues Office Depot for no annual meeting, Reuters reports Starboard Value LP, a major Office Depot investor, is suing the company for failing to hold an annual shareholder meeting to elect directors, an unusual step just before a merger, reports Reuters. Reference Link June 11, 2013 08:07 EDT ODP OfficeMax and Office Depot hires Korn/Ferry for CEO search Subscribe for More Information 08:03 EDT ODP OfficeMax and Office Depot select Korn/Ferry to assist CEO selection Subscribe for More Information June 10, 2013 08:10 EDT ODP Office Depot sets July 10 as date for meeting on OfficeMax proposed merger Subscribe for More Information June 4, 2013 10:16 EDT ODP Office Depot, OfficeMax to comply with second FTC request before deal Office Depot (ODP) disclosed that on May 29, 2013, it and OfficeMax (OMX) agreed with the FTC not to consummate their merger until at least 45 days after each party has substantially complied with the second request, unless that period is terminated sooner by the FTC or is extended voluntarily by agreement of the parties. The company said they will work to promptly respond to the second request and continue to work cooperatively with the FTC in connection with this review. On April 8, the companies received a Request for Additional Information and Documentary Materials, which they refer to as the second request, from the FTC regarding the proposed merger. 08:03 EDT ODP Office Depot reaches agreement to sell its 50% of Office Depot de Mexico Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.