Boca Raton-based Office Depot, which has been on a journey to reinvent itself as a business services company, announced Tuesday it will buy back $100 million of its stock beginning Jan. 1 and reduce debt - actions aimed at improving the company's financial outlook and boosting its stock. Office Depot also said in its news release that it would repay $200 million of a $500 million term loan due 2022.
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