The ODP Corporation Partners with Matthews South for Execution of New Share Repurchase Program

Core Viewpoint - The ODP Corporation has initiated a $1 billion share repurchase program and partnered with Matthews South to optimize its execution, highlighting its commitment to a low-cost business model and effective capital allocation strategy [1][2]. Company Overview - The ODP Corporation is a prominent provider of products, services, and technology solutions through a business-to-business distribution platform and omni-channel presence, including supply chain operations and retail stores [4]. - The company operates through various subsidiaries, including ODP Business Solutions, Office Depot, Veyer, and Varis, aiming to empower businesses and consumers [4]. Partnership Details - The collaboration with Matthews South aims to leverage their expertise in data-driven analytics to enhance the execution of the share repurchase plan, aligning with the company's goal of maximizing long-term shareholder value [2]. - Matthews South is recognized as a leading capital markets advisory firm that assists clients in making informed financial decisions and developing software for evaluating capital market transactions [5]. Share Repurchase Program - The share repurchase program is subject to market conditions and may be suspended or discontinued at any time, with funding sourced from available liquidity [3].