On Wednesday, Shares of Office Depot Inc (NASDAQ:ODP), lost -1.74% to $8.73.
Office Depot, will declare second quarter 2015 results for the fiscal period ending June 27, 2015, before market open on Tuesday, August 4, 2015. The company does not plan to host an earnings conference call.
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
Finally, LinnCo LLC (NASDAQ:LNCO), ended its last trade with -3.77% loss, and closed at $9.19.
LinnCo, declared that LINN has signed a formal agreement with private capital investor GSO Capital Partners L.P., the credit platform of The Blackstone Group L.P. (BX), to fund oil and natural gas development.
Funds managed by GSO and its associates have agreed to commit up to $500 million with 5-year availability to fund drilling programs on locations offered by LINN. Subject to adjustments depending on asset characteristics and return expectations of the selected drilling plan, GSO will fund 100 percent of the costs associated with new wells drilled under the DrillCo Agreement and is predictable to receive an 85 percent working interest in these wells until it achieves a 15 percent internal rate of return on annual groupings of wells, while LINN is predictable to receive a 15 percent carried working interest during this period. Upon reaching the internal rate of return target, GSO’s interest will be reduced to 5 percent, while LINN’s will enhance to 95 percent.
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
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