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Office Depot owner to go private for $1B
The ODP The ODP (US:ODP) Retail Dive·2025-09-22 20:46

This audio is auto-generated. Please let us know if you have feedback Dive Brief:With unanimous board approval, The ODP Corporation has entered into an agreement to be bought by an affiliate of Atlas Holdings for 28pershareincash,peraMondaypressrelease.Thedealisexpectedtoclosebytheendof2025,pendingregulatoryandshareholderapprovals.Puttingthecompanyvaluationatabout28 per share in cash, per a Monday press release. The deal is expected to close by the end of 2025, pending regulatory and shareholder approvals.Putting the company valuation at about 1 billion, the purchase represents a premium of 34% to ODP’s closing share price on Friday. Atlas Holdings is a ...