/biz/ - Business & Finance

>>18212060
BIG NEWS, EVERYONE! Office Depot, Inc. is reorganizing! Office Depot will become a subsidiary of "The ODP Corporation." The ODP Corporation! Wow! That sounds really fancy! We need to revise our price targets upward.

>BOCA RATON, Fla.--(BUSINESS WIRE)--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 following the completion of its previously announced feasibility review, its Board of Directors approved proceeding with the implementation of a holding company reorganization. When implemented, Office Depot will become a wholly owned subsidiary of a new holding company, The ODP Corporation, which will replace Office Depot as the public company trading on Nasdaq under Office Depot’s current ticker symbol “ODP”. Existing shares of Office Depot will be automatically converted into shares of common stock of The ODP Corporation.
>The holding company reorganization is intended to simplify the Company’s legal entity and tax structure, more closely align the Company’s operating assets to their respective operating channels within the legal entity structure, and increase its operational flexibility.

Don't forget, people.

>BOCA RATON, Fla.--(BUSINESS WIRE)--Sep. 5, 2019--Office Depot, Inc.(NASDAQ:ODP), a leading B2B integrated distribution platform ofbusiness services and supplies, today announced that it will be presenting at theGoldman Sachs Global Retailing ConferenceinNew York City.

>Tim Perrott, vice president investor relations, will present at the conference today at2:25 p.m. Eastern Time. A live webcast of the session will be available on the company’s Investor Relations website atinvestor.officedepot.com. The broadcast will remain available on the website for 90 days.

http://investor.officedepot.com/events/event-details/office-depot-presents-goldman-sachs-26th-annual-global-retailing-conference