<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+ 1.1a) -->
     <!-- Project:        F:\CONVER\Edgar Ease Plus\Default Project Format\defaultformat.eep -->
     <!-- Control Number: form8k                                                           -->
     <!-- Rev Number:     8k                                                               -->
     <!-- Client Name:    1st Page                                                         -->
     <!-- Project Name:   8k Form Template                                                 -->
     <!-- Firm Name:      DO NOT EDIT THIS FORM                                            -->
     <TITLE>8K Form</TITLE>
</HEAD>
<BODY>

<BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Head Center 2" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES<BR>SECURITIES
AND EXCHANGE COMMISSIONM<BR>Washington, D.C. 20549  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Center 2" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Center 2" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Center 2" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date of
Earliest Event Reported): June 17, 2003 (June 2, 2003) </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Center 2" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>OFFICE DEPOT, INC.</b><BR></FONT>
                   <FONT FACE="Times New Roman, Times, Serif" SIZE=2>  (Exact name of registrant
 as specified in its charter)</FONT></P>



<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>





<!-- MARKER FORMAT-SHEET="8k Cover table 3" FSL="Project" -->
<Table Width=600 Cellpadding=0 Cellspacing=0 Border=0>
<tr Valign=TOP>
<td Align=CENTER Width=33%><Font Face="Times New Roman, Times, Serif" Size=2> &nbsp;<!-- State--><U>Delaware</U>  </font></td>
<td Align=CENTER Width=34%><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;<!-- File No.--><U>1-10948</U>  </font></td>
<td Align=CENTER Width=33%><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;<!-- Irs No.--><U>59-2663954</U> </font></td>
</tr>

<tr Valign=TOP>
<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(State or other jurisdiction of<br> incorporation or organization)
</font></td>
<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(Commission<br>File Number) </font></td>
<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>( IRS Employer<br> Identification No.) </font></td>
</tr>
</table>
<br><BR>



<!-- MARKER FORMAT-SHEET="Reg Cover Table 2 Col" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD ALIGN=CENTER WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 2200 Old Germantown Road,<BR> <U>Delray Beach, Florida</U></FONT></TD>
<TD ALIGN=CENTER WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <BR><U>33445</U></FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD ALIGN=CENTER WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of Principal Executive Offices)  </FONT></TD>
<TD ALIGN=CENTER WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Zip Code)</FONT></TD></TR>
</TABLE>


<BR><BR>

<TABLE WIDTH="600" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> &nbsp;<!-- TELEPHONE NO. -->(561)&nbsp;438-4800</FONT></TD></TR>
<TR VALIGN="MIDDLE">
     <TD WIDTH="600" ALIGN="CENTER"><HR NOSHADE SIZE=1 width=36%></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Registrant's telephone number, including area code)</FONT></TD></TR>
</TABLE>
<BR><BR>

<TABLE WIDTH="600" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> &nbsp;<!-- FORMER NAME OR ADDRESS -->N/A</FONT></TD></TR>
<TR VALIGN="MIDDLE">
     <TD WIDTH="600" ALIGN="CENTER"><HR NOSHADE SIZE=1 width=36%></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Former name or former address, if changed since last report) </FONT></TD></TR>
</TABLE><BR><BR><BR>

<!-- MARKER FORMAT-SHEET="Page Break Table" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><HR SIZE=5 NOSHADE>
<BR></TD></TR></TABLE>

<!-- MARKER FORMAT-SHEET="Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Head Left Bold 2" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 2. Acquisition of
Assets. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
June 2, 2003, following the receipt of the required regulatory approval from the European
competition authority and satisfaction of the conditions to closing under the Sale and
Purchase Agreement, dated April 11, 2003, we purchased from Pinault Printemps Redoute all
of the shares of Guilbert, S.A., the French parent company of the corporate group that
constitutes one of the largest contract stationers in Europe. The acquisition was made
pursuant to a Sale and Purchase Agreement, dated April 11, 2003, as reported in our
current report on Form 8-K, filed with the SEC on April 18, 2003.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>
<!-- MARKER FORMAT-SHEET="Para Hang 0" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;  </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The consideration
for the shares was euro 815 million, subject to </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang 2" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149;</FONT></TD>
<TD WIDTH=76%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
a reduction, as of the closing date, of the net outstanding indebtedness owed by Guilbert or its
               subsidiaries to another member of the seller's group;
 </FONT></TD>
</TR>
</TABLE>
<BR>



<!-- MARKER FORMAT-SHEET="Para Hang 2" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149;</FONT></TD>
<TD WIDTH=76%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
a reduction, as of the closing date, of all indebtedness owed by Guilbert or its
subsidiaries to third parties, net of all cash or cash equivalents of Guilbert or its
subsidiaries remaining at the closing date in excess of euro 7 million; and </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang 2" FSL="Default" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149;</FONT></TD>
<TD WIDTH=76%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
an adjustment to the extent that the working capital as of the closing date differs from
an applicable amount specified in the Sale and Purchase Agreement. </FONT></TD>
</TR>
</TABLE>
<BR>
<!-- MARKER FORMAT-SHEET="Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
on the seller group&#146;s estimates of these adjustments, the net amount due of euro
788,038,000 consisted of (i) euro 565,802,000 in cash payable to the seller and (ii) euro
215,583,000 of intercompany indebtedness owed to the seller and euro 6,653,000 in assumed
third party indebtedness net of cash equivalents in excess of euro 7 million. On June 2,
2003, we paid euro 523,038,000 of the consideration from our available company funds. On
June 30, 2003, we will pay euro 265,000,000 of the consideration from our available
company funds and, to the extent necessary or desirable, loans to us under our existing
revolving credit facility with Citibank N.A., as syndication agent, and other syndicate
banks.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
estimates provided by Pinault Printemps Redoute, and therefore the net amount payable to
it, remain subject to further adjustment following the determination of the actual
amounts at closing of intercompany indebtedness, third party indebtedness and net working
capital by BDO Gendrot, an independent accountant jointly appointed by us and PPR. This
determination is expected to be made by July 16, 2003.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furthermore,
the purchase price remains subject to an upward adjustment of euro 40 million in cash or
common stock of Office Depot, Inc. if the common stock of Office Depot, Inc. as traded on
the New York Stock Exchange closes at a price equal to or above $20 for any 5 consecutive
trading days during the 18 month period following June 2, 2003.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
purchase price was determined as a result of arm&#146;s length negotiations between us
and PPR.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
copy of the Company&#146;s press release announcing the closing is attached as Exhibit
99.1 to the current report on Form 8-K filed by the Company on June 3, 2003.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left Bold 2" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7. &nbsp;Financial
Statements, Pro Forma Financial Information and Exhibits. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
financial statements of Guilbert and the <I>pro forma</I> financial information required
to be included in this current report on Form 8-K shall be filed by amendment as soon as
practicable, but in any event no later than 60 days after the date that this current
report on Form 8-K must be filed.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
exhibits are filed with this current report on Form 8-K.  </FONT></P>


<!-- MARKER FORMAT-SHEET="Page Break" FSL="Project" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<!-- MARKER FORMAT-SHEET="Head Center 2" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.  </FONT></P>


<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Company Right" FSL="Project" -->
<TABLE WIDTH="600" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR VALIGN="BOTTOM">
    <TD WIDTH="38"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- TYPE "DATE:" HERE--> </FONT></TD>
    <TD WIDTH="238"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="254"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><!-- COMPANY -->  OFFICE DEPOT, INC.<BR>(Registrant)</FONT></TD>
  </TR>
</TABLE>
<BR>
<!-- MARKER FORMAT-SHEET="Date By Signature" FSL="Project" -->
<TABLE WIDTH="600" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR VALIGN="BOTTOM">
    <TD WIDTH="38"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
    <TD WIDTH="219"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- DATE--> </FONT></TD>
    <TD WIDTH="28"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="26"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By </FONT></TD>
    <TD WIDTH="238"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;/S/ DAVID C. FANNIN </FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD> &nbsp;</TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD ALIGN="LEFT"> <HR SIZE="1" WIDTH="50%"> </TD>
  </TR>
</TABLE>
<!-- MARKER FORMAT-SHEET="Company Right" FSL="Project" -->
<TABLE WIDTH="600" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR VALIGN="BOTTOM">
    <TD WIDTH="38"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- TYPE "DATE:" HERE--> </FONT></TD>
    <TD WIDTH="238"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="254"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">David C.
Fannin<BR> Executive Vice President and<BR>
General Counsel
</FONT></TD>
  </TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Head Left 2" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date:&nbsp;June 17, 2003 </FONT></P>


</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "par100683.htm", "description": "FORM 8-K", "secsgml_size_bytes": 15469}]
{"company-data": {"conformed-name": "OFFICE DEPOT INC", "cik": "0000800240", "assigned-sic": "5940", "irs-number": "592663954", "state-of-incorporation": "DE", "fiscal-year-end": "1226"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10948", "film-number": "03746716"}, "business-address": {"street1": "2200 OLD GERMANTOWN RD", "city": "DELRAY BEACH", "state": "FL", "zip": "33445", "phone": "5612664800"}, "mail-address": {"street1": "2200 OLD GERMANTOWN ROAD", "street2": "2200 OLD GERMANTOWN ROAD", "city": "DELRAY BEACH", "state": "FL", "zip": "33445"}}
8K Form
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSIONM
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
Earliest Event Reported): June 17, 2003 (June 2, 2003)
OFFICE DEPOT, INC.
(Exact name of registrant
 as specified in its charter)
Delaware
1-10948
59-2663954
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
( IRS Employer
Identification No.)
2200 Old Germantown Road,
Delray Beach, Florida
33445
(Address of Principal Executive Offices)
(Zip Code)
(561) 438-4800
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Item 2. Acquisition of
Assets.
On
June 2, 2003, following the receipt of the required regulatory approval from the European
competition authority and satisfaction of the conditions to closing under the Sale and
Purchase Agreement, dated April 11, 2003, we purchased from Pinault Printemps Redoute all
of the shares of Guilbert, S.A., the French parent company of the corporate group that
constitutes one of the largest contract stationers in Europe. The acquisition was made
pursuant to a Sale and Purchase Agreement, dated April 11, 2003, as reported in our
current report on Form 8-K, filed with the SEC on April 18, 2003.
The consideration
for the shares was euro 815 million, subject to
•
a reduction, as of the closing date, of the net outstanding indebtedness owed by Guilbert or its
               subsidiaries to another member of the seller's group;
•
a reduction, as of the closing date, of all indebtedness owed by Guilbert or its
subsidiaries to third parties, net of all cash or cash equivalents of Guilbert or its
subsidiaries remaining at the closing date in excess of euro 7 million; and
•
an adjustment to the extent that the working capital as of the closing date differs from
an applicable amount specified in the Sale and Purchase Agreement.
Based
on the seller group's estimates of these adjustments, the net amount due of euro
788,038,000 consisted of (i) euro 565,802,000 in cash payable to the seller and (ii) euro
215,583,000 of intercompany indebtedness owed to the seller and euro 6,653,000 in assumed
third party indebtedness net of cash equivalents in excess of euro 7 million. On June 2,
2003, we paid euro 523,038,000 of the consideration from our available company funds. On
June 30, 2003, we will pay euro 265,000,000 of the consideration from our available
company funds and, to the extent necessary or desirable, loans to us under our existing
revolving credit facility with Citibank N.A., as syndication agent, and other syndicate
banks.
The
estimates provided by Pinault Printemps Redoute, and therefore the net amount payable to
it, remain subject to further adjustment following the determination of the actual
amounts at closing of intercompany indebtedness, third party indebtedness and net working
capital by BDO Gendrot, an independent accountant jointly appointed by us and PPR. This
determination is expected to be made by July 16, 2003.
Furthermore,
the purchase price remains subject to an upward adjustment of euro 40 million in cash or
common stock of Office Depot, Inc. if the common stock of Office Depot, Inc. as traded on
the New York Stock Exchange closes at a price equal to or above $20 for any 5 consecutive
trading days during the 18 month period following June 2, 2003.
The
purchase price was determined as a result of arm's length negotiations between us
and PPR.
A
copy of the Company's press release announcing the closing is attached as Exhibit
99.1 to the current report on Form 8-K filed by the Company on June 3, 2003.
Item 7.  Financial
Statements, Pro Forma Financial Information and Exhibits.
The
financial statements of Guilbert and the
pro forma
financial information required
to be included in this current report on Form 8-K shall be filed by amendment as soon as
practicable, but in any event no later than 60 days after the date that this current
report on Form 8-K must be filed.
No
exhibits are filed with this current report on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
OFFICE DEPOT, INC.
(Registrant)
By
/S/ DAVID C. FANNIN
David C.
Fannin
Executive Vice President and
General Counsel
Date: June 17, 2003