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News Breaks
February 25, 2014
06:03 EDTODPOffice Depot reports Q4 adjusted EPS (3c), consensus 3c
Reports Q4 revenue $3.5B, consensus $4.09B.
News For ODP From The Last 14 Days
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December 22, 2014
10:19 EDTODPStaples rumors could attract Amazon, Wal-Mart interest, Forbes contributor says
Speculation over a merger deal, as has been the recent case with Staples (SPLS) and peer Office Depot (ODP), tends to attract larger players that could gain from a transaction of their own with the rumored candidate, so it would not be unusual if (AMZN) or Wal-Mart (WMT) were now to look at Staples as a takeover candidate, according to Forbes contributor Gene Marcial. Reference Link
09:06 EDTODPOffice Depot awarded office and school supplies contract by TCPN
Office Depot announced it has been awarded two contracts, valued in excess of $400M following a competitive solicitation process for both office and school supplies by Region 4 Education Service Center, the lead agency for The Cooperative Purchasing Network. TCPN offers cooperative contract solutions to K-12 schools, local governments, colleges and universities. The new agreements with Office Depot include office and school supplies, furniture, technology products and copy and print services provided at significant discounts and savings to eligible public agency customers.
December 16, 2014
10:35 EDTODPOffice Depot rises after BB&T upgrades shares citing merger potential
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09:59 EDTODPOn The Fly: Analyst Upgrade Summary
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09:14 EDTODPOffice Depot upgraded at BB&T
As noted earlier, BB&T upgraded Office Depot (ODP)to Buy from Hold . The firm thinks the probability of a merger between Office Depot and Staples (SPLS) has risen significantly following Starboard Value's accumulation of a stake in Staples (SPLS). BB&t thinks that such a deal would be highly EPS accretive at substantial premiums to Office Depot's current stock price., and it thinks that Office Depot's stock is posied to rise even without a transaction.
09:10 EDTODPOffice Depot upgraded to Buy from Hold at BB&T
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December 12, 2014
16:33 EDTODPStocks finish week lower amid steep decline in oil prices
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December 11, 2014
17:35 EDTODPStaples, Office Depot both look like 'buys', Barron's says
Starboard Value's increased stakes in Staples (SPLS) and Office Depot (ODP) could make a merger more likely; however, even without a merger, both stocks look like "buys," Barron's argues in its 'Barron's Take' column. Reference Link
16:30 EDTODPOn The Fly: Closing Wrap
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15:15 EDTODPStarboard confident FTC would approve Staples-Office Depot deal, Bloomberg says
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14:31 EDTODPOffice Depot, Staples rise amid merger speculation, Citi says tie-up unlikely
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13:03 EDTODPOn The Fly: Midday Wrap
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11:58 EDTODPStarboard wants Staples, Office Depot merger, CNBC reports
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11:49 EDTODPStarboard likely to push for Staples, Office Depot merger, says Citigroup
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09:16 EDTODPOn The Fly: Pre-market Movers
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08:37 EDTODPStaples, Office Depot merger would face FTC contract hurdle, says Janney Capital
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06:25 EDTODPStarboard may push for Staples, Office Depot merger, WSJ reports
Activist investor Starboard Value LP may push for a merger between Staples (SPLS) and Office Depot (ODP), Wall Street Journal reports, citing people familiar with the matter. Starboard this morning reported a new 5.1% stake in Staples while also upping its position in Office Depot to 9.9% from 8.6%. The activist didn't detail any of the changes it seeks in today's filings. Reference Link
06:19 EDTODPStarboard raises stake in Office Depot to 9.9% from 8.6%
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06:17 EDTODPStarboard reports new Staples stake, ups Office Depot position
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05:50 EDTODPStocks with implied volatility movement; SPY ODP
Stocks with implied volatility movement; Standard and Poor's Depository Receipts (SPY) 16, Office Depot (ODP) 67 according to iVolatility.

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