BULLETIN: Office Depot's $50M Share Repurchase Authorization Has No Impact on Credit Rating - S&P Global Ratings’ Credit Research

BULLETIN: Office Depot's $50M Share Repurchase Authorization Has No Impact on Credit Rating

BULLETIN: Office Depot's $50M Share Repurchase Authorization Has No Impact on Credit Rating - S&P Global Ratings’ Credit Research
BULLETIN: Office Depot's $50M Share Repurchase Authorization Has No Impact on Credit Rating
Published Oct 29, 2003
Published Oct 29, 2003
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Oct. 29, 2003--Standard&Poor's said today that Office Depot Inc.'s (BBB-/Stable/--) announcement that it has authorized the repurchase of up to $50 million of its common stock over the next 12 months has no immediate impact on the credit rating or outlook on the company. The repurchased shares will be used to meet the company's near-term requirements for its stock options and other benefit plans. Office Depot has previously authorized similar share repurchase programs. The company continues to generate significant free cash flow, which is expected to fund the share repurchases.

  
Report Type:

Bulletin

Ticker
ODP
Issuer
Office Depot Inc.
GICS
Specialty Stores (25504040)
Sector
Global Issuers
Country
United States
Region
United States
Format:
HTML HTML
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Summary: Office Depot Inc. – 2003/12/15 – US$ 225.00

Summary: Office Depot Inc. – 2004/05/13 – US$ 225.00

Summary: Office Depot Inc. – 2004/07/28 – US$ 225.00

Summary: Office Depot Inc. – 2004/11/02 – US$ 225.00

Summary: Office Depot Inc. – 2003/10/14 – US$ 225.00

Office Depot Inc. – 2003/09/12 – US$ 500.00

Summary: Office Depot Inc. – 2003/09/12 – US$ 225.00

Research Update: Office Depot Inc. – 2003/08/05 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Office Depot's $50M Share Repurchase Authorization Has No Impact on Credit Rating" Oct 29, 2003. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Office-Depot-s-50M-Share-Repurchase-Authorization-Has-No-Impact-on-Credit-Rating-341615>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Office Depot's $50M Share Repurchase Authorization Has No Impact on Credit Rating Oct 29, 2003. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Office-Depot-s-50M-Share-Repurchase-Authorization-Has-No-Impact-on-Credit-Rating-341615>
  
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