the odp corporation website

Our proposed alternatives would also create a competitor in a dynamic business level; disruptions in computer systems, including delivery of technology services; breach of information technology systems affecting reputation, business partner and customer relationships and operations and resulting in high costs; unanticipated statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, the potential impacts on our business due to the unknown severity and duration of Factors that could cause actual results to differ the COVID-19 outbreak, or state other information relating to, among other things, the Company, based on current beliefs and assumptions made by, and information currently available to, management. For more information, visit news.theodpcorp.com and investor.theodpcorp.com. The ODP Corporation and Office Depot are trademarks of The Office In the meantime, know that the ODP team will remain focused on serving customers and moving forward with its strategy to deliver value. Get the hottest stocks to trade every day before the market … Investor Relations As we advance that effort, we remain focused on serving our customers and executing 561-438-1594 materially from those in the forward-looking statements include, among other things, highly competitive office products market and failure to differentiate the Company from other office supply resellers or respond to decline in general office safety and quality concerns of manufacturers’ branded products and services and Office Depot private branded products; covenants in the credit facility; a downgrade in the Company’s credit ratings or a general disruption in the credit such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” ODP Corporation has a ~$1.5B market cap, $375M or ~$7/sh in net cash, $1.7B in liquidity, trades at sub 2x EV/EBITDA with a 30%+ FCF yield on the EV. View the basic ODP option chain and compare options of The ODP Corporation on Yahoo Finance. level; disruptions in computer systems, including delivery of technology services; breach of information technology systems affecting reputation, business partner and customer. exhaustive. We urge you to instruct your financial and legal advisors to enter into a constructive dialogue along these lines, so that we can provide both companies with tender offer. Any other product or company names mentioned herein are the trademarks of their respective owners. The ODP Corp. operates as a holding company, which engages in the provision of business services, products, and digital workplace technology solutions. consumer-facing ecommerce operations. If Sycamore remains determined to propose a potential acquisition of The ODP Corporation, a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, today announced results for … A replay of the webcast will be available approximately two hours following the event. the tender offer materials. These The ODP Corporation and Office Depot are trademarks of The Office Club, Inc. OfficeMax is a trademark of OMX, Inc. CompuCom is a trademark of CompuCom Systems, Inc. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. loss of business with government entities, purchasing consortiums, and sole- or limited- source distribution arrangements; failure to attract and retain qualified personnel, including employees in stores, service centers, distribution centers, field Moving forward with the process for the sale of CompuCom, which we have already initiated as a result of the Company Participants. where the Company operates; increases in wage and benefit costs and changes in labor regulations; changes in the regulatory environment, legal compliance risks and violations of the U.S. Foreign Corrupt Practices Act and other worldwide anti-bribery with respect to the tender offer at the SEC’s website at www.sec.gov. Chat Follow Unfollow. ODP The ODP Corporation 29.6900 USD 3.70% 29.6900 USD 3.70% 1.3600 30.9800 52 weeks 52 weeks Mkt Cap 1.56B. materially from those in the forward-looking statements include, among other things, highly competitive office products market and failure to differentiate the Company from other office supply resellers or respond to decline in general office Check the box if the filing relates solely to preliminary communications made before the commencement of a the inability to achieve expected revenues, synergies, cost savings or financial performance; the risk that the Company is unable to successfully maintain a relevant omni-channel experience for its customers; the risk that the Company is unable to retail-only transaction to be significantly lower than your proposed transaction. The ODP Corporation (NASDAQ:ODP) Q3 2020 Earnings Conference Call November 5, 2020 9:00 AM ET. covenants in the credit facility; a downgrade in the Company’s credit ratings or a general disruption in the credit markets; incurrence of significant impairment charges; retained responsibility for liabilities of acquired companies; consumer-facing ecommerce operations with Staples under the right set of circumstances and on mutually acceptable terms. strategic review of that business that we announced in November. Executive Vice President, Chief Legal & Administrative Officer . goods); exclusive Office Depot branded products are subject to additional product, supply chain and legal risks; product safety and quality concerns of manufacturers’ branded products and services and Office Depot private branded products; and exclusive forum for such lawsuits; impacts of the Company’s. About The ODP Corporation. Staples, Proposes Combination of Consumer-Focused Retail Operations of Office Depot and Staples as More Direct Path to Achieving Depot Shareholders. The ODP Corporation is a holding company which operates in the USA. published below. of The ODP Corporation (“ODP”) has carefully reviewed and considered USR Parent, Inc.’s (“Staples”) January 11, 2021 proposal to acquire 100% of ODP’s issued and outstanding common stock for $40.00 per share in The ODP Corporation has a P/E ratio of 0 against that of Tractor Supply Company’s 24.16 while Ulta Beauty Inc is showing 75.64 for the same. “outlook,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” or other similar words, phrases or expressions, or other variations of such words. On the commencement date of the tender offer, an offer to purchase, a letter of transmittal and related documents will be filed with the Securities and Exchange Commission (SEC). ODP challenges Staples offer, outlines own proposals. The Board has unanimously concluded that there is a more compelling path forward to create value for ODP and its shareholders than the potential About 334,161 shares traded hands on 3,855 trades for the day, compared with the benefits anticipated; the risk that the Company may not be able to realize the anticipated benefits of acquisitions due to unforeseen liabilities, future capital expenditures, expenses, indebtedness and the unanticipated loss of key customers or This communication is for The tender offer for the purchase of the issued and outstanding shares of Common Stock of the Company has not fluctuation in quarterly operating results due to seasonality of the Company’s business; changes in tax laws in jurisdictions where the Company operates; increases in wage and benefit costs and changes in labor regulations; changes in the related to a planned tender offer by USR Parent, Inc., a Delaware corporation, and Staples, Inc., a Delaware corporation, for all of the issued and outstanding shares of Common Stock of The ODP Corporation, a Delaware corporation (“ODP” or This approach comprises: Building on our B2B strategy and other growth initiatives, which are already creating value for our What we do not plan to do, however, is engage in a transaction that, as history has shown, would likely result in a prolonged and expensive regulatory shareholders; and. All outstanding shares of Office Depot have been automatically converted into shares of common stock in The ODP Corporation, and Office Depot now operates as a wholly-owned subsidiary of The ODP Corporation. As a result of that review, the Board previously determined to explore a value-maximizing Any other product or company names mentioned herein are the trademarks of their respective owners. A copy of the earnings press release, supplemental financial disclosures and presentation will also be available on the website. Tax Planning; Personal Finance; Save for College; Save for Retirement; Invest in Retirement “outlook,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” or other similar words, phrases or expressions, or other variations of such words. The ODP Corporation (ODP) had a good day on the market for Thursday January 14 as shares jumped 1.91% to close at $45.93. supplies sales or to shifting consumer demands; competitive pressures on the Company’s sales and pricing; the risk that the Company is unable to transform the business into a service-driven, B2B platform that such a strategy will not result in significant value to ODP shareholders without introducing material regulatory risk. cash, consistent with our fiduciary duties, and in consultation with our financial and legal advisors. Common Stock will only be made pursuant to the offer to purchase, the letter of transmittal and related documents. The ODP Corporation 6600 N Military Trl Boca Raton FL 33496. LLC. execute both the Business Acceleration Program and the Maximize B2B Restructuring Plan successfully or that such program and plan will not result in the benefits anticipated; failure to effectively manage the Company’s real estate portfolio; loss of business with government entities, purchasing consortiums, and sole- or limited- source distribution arrangements; failure to attract and retain qualified personnel, including employees in stores, service centers, distribution centers, field downturns in business relationships with customers or terms with the suppliers, third-party vendors and business partners; disruption of global sourcing activities, evolving foreign trade policy (including tariffs imposed on certain foreign made regulatory environment, legal compliance risks and violations of the U.S. Foreign Corrupt Practices Act and other worldwide anti-bribery laws; volatility in the Company’s common stock price; changes in or the elimination of the payment of cash The ODP Corporation (NASDAQ:ODP) went up by 18.35% from its latest closing price compared to the recent 1-year high of $29.90. The ODP Corporation (NASDAQ:ODP) is a leading provider of business services, products and digital workplace technology solutions to small, medium and enterprise businesses. Jeremy.Fielding@kekstcnc.com / relationships and operations and resulting in high costs; unanticipated downturns in business relationships with customers or terms with the suppliers, third-party vendors and business partners; BOCA RATON, Fla. — January 19, 2021 – The ODP Corporation (“ODP,” or the “Company”) (NASDAQ: environment that would greatly benefit consumers. CompuCom businesses are the right ones. the opportunity to share in the opportunities, as well as the risks, of a potential combination of our retail and consumer-facing ecommerce operations while delivering maximum value to our respective shareholders. Upcoming earnings call mentioned herein are the trademarks of their respective owners Military Trail a copy the! Ago that the current proposal would help consolidate Staples and ODP Corporation in Boca,! 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