Office Depot Archives - CFO

Office Depot Rejects Takeover Bid While MGM Won’t Up Entain Offer

Office Depot Rejects Takeover Bid While MGM Won’t Up Entain Offer

The office-supply chain suggested it was open to a joint venture with its rival Staples.

By Lauren Muskett | January 19, 2021

Staples Offers to Buy Office Depot

Staples Offers to Buy Office Depot

Previous merger offers were blocked by regulators in 2016 and 1997.

By Lauren Muskett | January 11, 2021

CFOs On the Move: Week Ending June 19

CFOs On the Move: Week Ending June 19

Cars.com, Office Depot, Ingersoll Rand, Peabody Energy, T-Mobile, Cohesity, Tandy Leather Factory, Outreach, RenovaCare, Big Y Foods, LogMeIn

By Lauren Muskett | June 19, 2020

Office Depot Buys CompuCom for $1 Billion

Office Depot Buys CompuCom for $1 Billion

The acquisition of the IT support services firm is the "first step" in Office Depot's pivot away from traditional office products retailing.

By Matthew Heller | October 3, 2017

Office Depot Breakup Bites Into Staples Earnings

Office Depot Breakup Bites Into Staples Earnings

Staples lost $766 million during a quarter when it booked nearly $1 billion in charges including the merger breakup fee.

By Matthew Heller | August 18, 2016

Office Depot Posts 3rd Straight Earnings Miss

Office Depot Posts 3rd Straight Earnings Miss

The company announced further cost-cutting measures, including the closure of an additional 300 stores in North America.

By Matthew Heller | August 3, 2016

Staples, Office Depot Stocks Dive on Merger Demise

Staples, Office Depot Stocks Dive on Merger Demise

The two office supply giants scuttled their proposed $6.3 billion merger after a judge said regulators had shown it would be anticompetitive.

By Katie Kuehner-Hebert | May 11, 2016

Fitch Downgrades Staples to Junk on Weak Sales

Financial Performance

Fitch Downgrades Staples to Junk on Weak Sales

As a standalone company, Staples has "limited ability to reverse declines in sales and EBITDA over the forecast horizon," Fitch warns.

By Katie Kuehner-Hebert | April 8, 2016

FTC Rejects Staples’ Offer on Office Depot Deal

FTC Rejects Staples’ Offer on Office Depot Deal

Staples' proposal to divest up to $1.25 billion of commercial contracts isn't enough to ease the FTC's concerns that the merger will stifle competition.

By Katie Kuehner-Hebert | December 21, 2015

EU Opens Probe of Staples’ Deal for Office Depot

EU Opens Probe of Staples’ Deal for Office Depot

With U.S. regulators close to a decision on the merger, it now faces an in-depth antitrust review by the European Commission.

By Katie Kuehner-Hebert | September 25, 2015

Staples to Buy Office Depot for $6.3B

Staples to Buy Office Depot for $6.3B

Staples pays a 65% premium to acquire its competitor; sets $1 billion synergy target.

By Katie Kuehner-Hebert | February 4, 2015

Activist Presses for Staples-Office Depot Merger

Activist Presses for Staples-Office Depot Merger

Will the largest office supply chains head to the altar once again?

By Katie Kuehner-Hebert | January 21, 2015