Office Depot may sell Israeli operations
Facebook Facebook Twitter Twitter LinkedIn LinkedIn Email Email 0 Comments Comments
Office Depot announced late Tuesday it is in negotiations to sell its 46 stores in Israel to department store operator New Hamashbir Lazarchan Ltd. for $47 million. The amount is minus the outstanding debt at time of closing, and the subsequent licensing of trade names and intellectual property rights, said Boca Raton-based Office Depot (NYSE: ODP). New Hamashbir Lazarchan trades on the stock exchange in Tel Aviv under the symbol MSBZ.