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“Office Depot Plans 1-for-10 Reverse Stock Split”

“Office Depot  (ODP) – Get Report said it would execute a 1-for-10 reverse stock split after the close of trading June 30.

In an April 28 Securities and Exchange Commission filing, the Boca Raton, Fla., chain had said the increased price resulting from the split would “improve the marketability and liquidity of our common stock and will encourage interest and trading in” it…”

https://www.thestreet.com/investing/office-depot-plans-1-for-10-reverse-stock-split

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