- ODP Business Solutions, LLC, an operating company of ODP Corp (NASDAQ:ODP), will be servicing one of the California mandatory Statewide Contracts for PC Goods.
- The initial contract term will be for three years, with options for two additional one-year extensions. The financial terms were not disclosed.
- The company will supply Lenovo Group Ltd (OTC:LNVGY) technology covering desktops, thin desktops, laptops, Chromebooks, monitors, and accessories to the Department of General Services, Procurement Division.
- The statewide contract for PC Goods is mandatory for use by all State of California departments and available for local governmental business use.
- The contract allows ODP Business Solutions to enable the State of California ordering agencies to procure the latest Lenovo PC products at competitive prices.
- ODP Business Solutions will help support the State of California’s strategic vision by partnering with Granite Data Solutions to execute services.
- Price Action: ODP shares are trading higher by 0.93% at $50.97 on the last check Monday.
What’s Going On With EV-Maker Nikola’s Stock?
Last week, M&M Residual withdrew its nomination of five candidates for election to Nikola's board of directors and alleged "potentially fraudulent conduct of Nikola's management and certain directors." A previously filed SEC document dated April 10, included a note from Nikola's Chairman, Steven M. Shindler, highlighting the contentious battle for board seats to stockholders. "As you may have seen, M&M Residual, LLC, an entity controlled by criminally convicted former Executive Chairman Trevor Milton, has provided notice of its intent to nominate a slate of Directors," Shindler said.
