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Wednesday, February 20, 2013

BRIEF-Office Depot shareholders t=could hold 54 percent of new company, (NYSE: ODP)

OFFICE DEPOT: * If investor bc partners is redeemed in full, ownership of new company will be Office Depot Inc 54 percent, OfficeMax Inc 46percent-presentation * Office depot, OfficeMax expect $350-$450 million of one-time costs to achieveand transaction expenses and expect capital investment of approximately $200million-presentation * Office depot, OfficeMax say international operations are complementary and

Office Depot, Inc. (Office Depot) is a global supplier of office products and services. Shares of ODP fell by 7.87% or $-0.395/share to $4.62. In the past year, the shares have traded as low as $1.51 and as high as $6.10. On average, 6317940 shares of ODP exchange hands on a given day and today's volume is recorded at 54330768.