- Reuters•3 days ago
Office Depot Inc said on Friday it would sell its European operations to investment company Aurelius Group, four months after the office supplies retailer said it would explore strategic alternatives for the business. Office Depot's European business brings in annual sales of about 2 billion euros ($2.25 billion), the company said in a statement. Office Depot will have to pay 5 million euros ($5.62 million) to Aurelius if it doesn't exercise its option to sell after consultations within the prescribed time or if it fails to participate in the consultation process, according to a regulatory filing.
- Bloomberg•3 days ago
Office Depot Inc. agreed to sell its European business to the Aurelius Group, helping sharpen its focus on the North American market after its failed merger with Staples Inc.
Office Depot, Inc. (ODP)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||3.65 x 500|
|Ask||3.77 x 3000|
|Day's Range||3.58 - 3.86|
|52wk Range||3.11 - 7.99|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||7.62|
|Avg Vol (3m)||7,494,207|
|Dividend & Yield||0.10 (2.70%)|