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News Breaks
May 27, 2014
05:47 EDTODPOffice Depot upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Office Depot to Buy saying the company is likely to top consensus expectations following the merger with Office Max. The firm raised its price target for shares to $7 from $5.40.
News For ODP From The Last 14 Days
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February 12, 2016
16:58 EDTODPOffice Depot reduces board to ten directors
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February 10, 2016
06:17 EDTODPStaples receives approval from European Union to acquire Office Depot
Staples (SPLS) has received approval from the European Union to acquire Office Depot (ODP). The acquisition has been approved in Australia, New Zealand, China, and Europe. The European Commission approved the acquisition on the condition that Staples divest Office Depot's European contract business and all of Office Depot's operations in Sweden. Staples will meet these requirements, and the parties have decided that they will also divest Office Depot's retail, online and catalog operations in Europe in connection with closing the transaction. The merger is the subject of ongoing litigation with the U.S. Federal Trade Commission as well as the Canadian Competition Bureau. The companies recently announced the completion of financing arrangements and the extension of their merger agreement from February 4 to May 16.
February 2, 2016
16:02 EDTODPStaples, Office Depot finalize merger agreement extension
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