Handheld technology may help kids communicate faster with their thumbs on a phone than with a pencil on paper. But research shows that handwriting benefits outweigh digital advances when it comes to cognitive development in people of all ages. Several studies by handwriting expert Karin James of Indiana University show that learning to write by hand in early childhood activates the three areas of the brain essential for reading and writing. Kids also learn to recognize letters through the trials and errors of early handwriting, a benefit that can improve their reading skills later in life. Research even shows handwriting benefits students who struggle with dyslexia. The growing body of evidence has led several states — most recently Texas — to bring cursive writing instruction back to classrooms. Click Read More bellow for additional information.
The ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the “Company”), announced today that its Board of Directors has unanimously approved a plan to pursue a separation of the Company into two independent, publicly traded companies, each with a unique and highly focused strategy and investment profile:
*ODP – a leading provider of retail consumer and small business products and services distributed via approximately 1,100 Office Depot and OfficeMax retail locations and an award-winning eCommerce presence, officedepot.com; and
*“NewCo” – a leading B2B solutions provider (ODP’s Business Solutions Division contract business, Grand & Toy and ODP’s independent regional office supply distribution businesses) serving small, medium and enterprise level companies. NewCo will also own the Company’s newly formed B2B digital platform technology business, including BuyerQuest, as well as the Company’s global sourcing office and its other sourcing, supply chain and logistics assets.
The separation is expected to occur through a distribution of shares of NewCo as a tax-free dividend to ODP’s shareholders as of a record date to be determined by the directors of ODP, after which ODP shareholders will own 100% of the equity in both of the publicly traded companies.
“We believe creating two focused, pure-play companies will unlock significant opportunities by improving our ability to meet the needs of our customers, while better matching assets and investment profiles of both companies to generate greater value for our shareholders,” said Gerry Smith, Chief Executive Officer of The ODP Corporation. “Maximizing the strategic focus and financial flexibility of each entity and aligning their go-to-market strategies and capital investments will enable us to meet customer demand. In addition, positioning their respective growth trajectories and shareholder specific return profiles will achieve appropriate market valuations. The separation will also provide exciting opportunities for our employees, whose dedication and talent will enable both companies to realize their full potential.”
further detail at: https://investor.theodpcorp.com/news-releases/news-release-details/odp-corporation-announces-plans-separate-two-independent