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Featured Company News -Office Depot Divests its Chinese Operations
Research Desk Line-up: Ulta Beauty Post Earnings Coverage LONDON, UK / ACCESSWIRE / J...
About this update from Ultra Brands Ltd
[{"type":"text","content":"Featured Company News –Office Depot Divests its Chinese OperationsResearch Desk Line-up: Ulta Beauty Post Earnings Coverage \nLONDON, UK / ACCESSWIRE / June 5, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for office supplies retailer Office Depot, Inc. (NASDAQ: ODP). The Boca Raton, Florida based Company announced on June 02, 2017, the sale of its business in mainland China to Shanghai M&G COLIPU Office Supplies Co., Ltd. The decision is part of Office Depot's business plan, which it had formulated in 2016, to divest from all international businesses. The financial details and other terms of the deal were not disclosed by the Companies. For immediate access to our complimentary reports, including today's coverage, register for free now at:\nhttp://protraderdaily.com/register/ \nDiscover more of our free reports coverage from other companies within the Specialty Retail, Other industry. Pro-TD has currently selected Ulta Beauty, Inc. (NASDAQ: ULTA) for due-diligence and potential coverage as the Company announced on May 25, 2017, its financial results for Q1 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Ulta Beauty when we publish it.\nAt Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ODP; also brushing on ULTA. Go directly to your stock of interest and access today's free coverage at:\nhttp://protraderdaily.com/optin/?symbol=ODP \nhttp://protraderdaily.com/optin/?symbol=ULTA \nThe deal is expected to close within next few months subject to gaining regulatory approvals and other closing conditions.\nAbout the Buyer\nThe buyer, Shanghai M&G COLIPU Office Supplies Co., Ltd is a wholly - owned subsidiary of China-based Shanghai M&G Stationery Inc. Shanghai M&G Stationery, a public Company, was founded in 1996 and is the No.1 comprehensive stationery manufacturer and supplier in China. Its main operations are at the M&G Industrial Park which is spread over an area of 300,000 square meters and located in the Guangming Economic Zone in Fengxian District, Shanghai, China. It has more than 10 facilities that manufacture various types of pens, notebooks, correctors, PP files, and sticky notes. It markets it...