OFFICE DEPOT, INC. ANNOUNCES TWO-FOR-ONE STOCK SPLIT
OFFICE DEPOT, INC. ANNOUNCES TWO-FOR-ONE STOCK SPLIT DELRAY BEACH, Fla., April 30 /PRNewswire/ -- Office Depot, Inc.
(NYSE: ODP), the nation's largest chain of office products superstores, today announced that its board of directors has declared a two-for-one stock split of its common stock to be effected in the form of a stock dividend to holders of record on May 11, 1992, payable on May 22, 1992. The split is subject to stockholder approval of the company's Restated Certificate of Incorporation to increase the company's authorized shares of common stock from 40 million shares to 100 million shares at today's annual meeting.
Office Depot currently operates 248 office products superstores in 29 states and Canada. The company is traded on the New York Stock Exchange under the symbol "ODP", and is included in the Standard and Poor's Mid Cap Index. -0- 4/30/92 /CONTACT: Barry J. Goldstein, executive vice president, finance and CFO, 407-265-4237, or Gary Schweikhart, manager-public relations, 407-265-4399, both of Office Depot/ (ODP) CO: Office Depot, Inc. ST: Florida IN: REA SU:
AW-JB -- FL003 -- 4842 04/30/92 10:45 EDT
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|Date:||Apr 30, 1992|
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