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In a move many see as mirroring Amazon's business model, Office Depot agreed this month to acquire CompuCom Systems for $1 billion, thereby preparing to incorporate a sizable tech-assistance platform into its traditional office products retail operation.
Office Depot said it was buying an information-technology services company, in a bid to move beyond solely selling items such as staplers and printers to customers.
Stocks that moved substantially or traded heavily Wednesday: PepsiCo, up 21 cents to $109.34 A shift from sodas to more healthy and low-calorie drinks crimped quarterly sales but strong snack sales pushed ...
Office Depot’s $1 billion purchase of CompuCon Systems plunges it into new territory, an effort to reposition itself as a tech-support provider that isn’t as dependent on selling printer paper, toner and ...
Office Depot Inc. is tapping into a $25 billion market with its $1 billion buyout of CompuCom. The Boca Raton-based company (ODP) entered into an agreement to buy the Plano, Texas-based IT services provider from Thomas H. Lee Partners. Office Depot is financing the deal with $750 million in new debt and 45 million shares of its common stock.
Office Depot will pay $1 billion for the private equity-backed IT services provider about 1-1/2 years after its $6.3 billion sale to rival Staples was blocked on antitrust grounds.
Among the companies with shares expected to trade actively in Wednesday's session are Verizon, Office Depot, PepsiCo, Amazon.com and Apple.
Shares of Office Depot (NASDAQ: ODP) fell 9% during after hours trading on Tuesday after the office supplies retailer announced its intention to buy CompuCom, a provider of IT managed services, infrastructure ...
Several companies made headlines after hours Tuesday, including Ford Motor Company (NYSE:F), Office Depot Inc (NASDAQ:ODP) and Verizon Communications Inc. (NYSE:VZ). Ford announced plans to cut costs aggressively late yesterday. The automaker’s CEO Jim Hackett and the rest of the company’s executives are seeking to help boost its profits and revenue on its most valuable products, including trucks and SUVs.
The buyout will assist Office Depot (ODP) to acclimatize to the fast changing retail landscape along with providing enterprise-level tech services and products to customers.
Shares of Office Depot Inc. fell 2% late Tuesday after the company said it planned to buy IT company CompuCom Systems Inc. for $1 billion. That is a first step into "pivoting the company from a traditional ...
Office Depot (ODP) has undertaken a strategic review of business operating model, growth prospects and cost structure to bring itself back on the growth trajectory.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Office Depot, Inc. Here are 5 ETFs with the largest exposure to ODP-US. Comparing the performance and risk of Office Depot, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
Categories: Yahoo FinanceGet free summary analysis Office Depot, Inc. reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Office Depot, Inc. – Stamps.com Inc., Williams-Sonoma, Inc. and Big Lots, Inc. (STMP-US, WSM-US and BIG-US) that have also reported for this period. Highlights Summary numbers: Revenues of ... Read more (Read more...)
Oct.04 -- Office Depot Inc. is betting that a technology makeover can help the chain rebound from a punishing retail slump. Bloomberg's Julie Hyman has more on "Bloomberg Markets."