Investors and shareholders should carefully consider the foregoing factors and the other risks and uncertainties described in Office Depot’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission. Confirms Reverse Stock Split will be Effective at 4:01 p.m. EDT on June 30, 2020; Trading on Split-Adjusted Basis to Commence July 1, 2020 The company's Board of Directors approved a reverse stock split of the company’s common stock at a ratio of 1-for-10, which came into effect on June 30, 2020. The reverse stock split takes place on a 1-for-10 ratio and went into effect … Accordingly, the company cut its number of authorized shares from 800 million to 80 million. By using this site you agree to the The Boca … Bill Gates Says NoView source version on businesswire.com: Trump bans TikTok and WeChat from US app storeOffice Depot, Inc. (NASDAQ:ODP) is a leading provider of business services and supplies, products and technology solutions to small, medium and enterprise businesses, through a fully integrated B2B distribution platform of approximately 1,300 stores, online presence, and dedicated sales professionals and technicians. It’s a clear demonstration of continued strong investor interest in both cloud-based software stocks and companies with very high top-line growth rates.Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. Additional details will be contained in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission upon the effectiveness of the reverse stock split.Sen. From basic office supplies, such as printer paper and labels, to office equipment, like file cabinets and stylish office furniture, Office Depot and OfficeMax have the office products you need to get the job done.Maintain a well-stocked office breakroom.Save on printer ink and toner to keep your office efficient and productive. Forward-looking statements generally will be accompanied by words such as "anticipate," "believe," "plan," "could," "estimate," "expect," "forecast," "guidance," "outlook," "intend," "may," "possible," "potential," "predict," "project," "propose" or other similar words, phrases or expressions, or other variations of such words. You can follow him on Twitter @TomiKilgore.Dow drops 81 points on losses for Apple Inc., Microsoft sharesGold is at historical highs - here's what investors need to knowCoronavirus update: Global case tally tops 30 million, and controversial CDC testing guideline changes were reportedly not made by CDC scientistsUnity stock surges in IPO debut — ‘This is not a normal company,’ CEO says Apple target price gets a boost at Jefferies Dave & Buster’s stock plunges 26% on bankruptcy fears, but analysts say it’s investor ‘overreaction’the 1-for-10 reverse split announced Friday It’s the end of the world as we know it — and REM’s Michael Stipe doesn’t feel fineDow under pressure Friday as tech stocks stumble, dragging down S&P 500, Nasdaq A reverse stock split doesn’t affect a company’s market capitalization. Office Depot, Inc. Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, as well as others, the Company offers its customers the tools and resources they need to focus on their passion of starting, growing and running their business. There can be no assurances that Office Depot will realize these expectations or that these beliefs will prove correct, and therefore investors and stakeholders should not place undue reliance on such statements.Strategist on quadruple witching: I wouldn’t be eager to participate in stuff that expires todayhttps://www.businesswire.com/news/home/20200630005611/en/Teachers earn almost 20% less than comparable college grads: Economic Policy InstituteTikTok and WeChat will be banned from US app stores on Sunday3 Big Dividend Stocks Yielding Over 8%; JMP Says ‘Buy’The Japanese Military Is Now Officially Tracking UFOsTrading on a reverse stock split-adjusted basis will commence on the NASDAQ Global Select Market at the opening of trading on July 1, 2020.driven company or that such a strategy will not result in the benefits anticipated; the risk that Office Depot 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 the inability to achieve expected revenues, synergies, cost savings or financial performance; the risk that Office Depot is unable to successfully maintain a relevant omni-channel experience for its customers; the risk that Office Depot is unable to execute the Business Acceleration Program successfully or that such program will not result in the benefits anticipated; failure to effectively manage Office Depot 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 and corporate offices and executive management, and the inability to keep supply of skills and resources in balance with customer demand; failure to execute effective advertising efforts and maintain the Office Depot reputation and brand at a high level; disruptions in Office Depot computer systems, including delivery of technology services; breach of Office Depot information technology systems affecting reputation, business partner and customer 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; disruption of global sourcing activities, evolving foreign trade policy (including tariffs imposed on certain foreign made 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; covenants in the credit facility; a downgrade in Office Depot credit ratings or a general disruption in the credit markets; incurrence of significant impairment charges; retained responsibility for liabilities of acquired companies; fluctuation in quarterly operating results due to seasonality of Office Depot business; changes in tax laws in jurisdictions where Office Depot 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 laws; volatility in Office Depot common stock price; changes in or the elimination of the payment of cash dividends on Office Depot common stock; macroeconomic conditions such as future declines in business or consumer spending; increases in fuel and other commodity prices and the cost of material, energy and other production costs, or unexpected costs that cannot be recouped in product pricing; unexpected claims, charges, litigation, dispute resolutions or settlement expenses; catastrophic events, including the impact of weather events on Office Depot’s business; the discouragement of lawsuits by shareholders against Office Depot and its directors and officers as a result of the exclusive forum selection of the Court of Chancery, the federal district court for the District of Delaware or other Delaware state courts by Office Depot as the sole and exclusive forum for such lawsuits; and the impact of the COVID-19 pandemic on our business, including on the demand for our and our customers’ products and services, on trade and transport restrictions and generally on our ability to effectively manage the impacts of the COVID-19 pandemic on our business operations.
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