Core Viewpoint - The ODP Corporation has entered into a definitive agreement to be acquired by an affiliate of Atlas Holdings for $28 per share, representing a 34% premium and valuing the company at approximately $1 billion [1][2]. Group 1: Acquisition Details - The purchase price is set at $28 per share in cash, which is a 34% premium over ODP's closing share price on September 19, 2025 [1]. - The total valuation of the business is around $1 billion [1]. - Upon completion of the acquisition, ODP will become a privately held company and its common stock will be removed from the Nasdaq exchange [2]. Group 2: Approval and Timeline - The deal has been approved by ODP's board and is expected to conclude by the end of 2025, pending regulatory clearance and shareholder approval [2][3]. Group 3: Strategic Insights - Atlas Holdings' managing partner, Michael Sher, expressed confidence in ODP's leadership and their ability to navigate the retail environment, indicating a commitment to support ODP's evolution [3]. - ODP's CEO, Gerry Smith, highlighted Atlas' operational expertise and resources as beneficial for advancing B2B growth initiatives and strengthening customer partnerships [5][6]. Group 4: Advisory Roles - JP Morgan Securities is serving as the exclusive financial adviser to ODP Corporation, while Simpson, Thacher & Bartlett is providing legal counsel [4]. - Atlas Holdings is being advised by Lazard, with legal advice from Willkie Farr & Gallagher [4].

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 $28 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 ...

In the early 1990s, we used a lot of paper and pens, and, as silly as it sounds now, fax machines for business-to-business communications. After all, the internet was only emerging, and dial-up access was slow and clunky. If you needed copy paper, fax paper, computers, pens, or back-to-school supplies (remember Trapper Keepers?), you had to physically go to a store unless you were a big company and had those things delivered by office supply companies. A few companies dominated the catalog office-supply ...

Office Depot parent company The ODP Corporation is set to change hands and become a private company.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The provider of products, services and technology solutions agreed ...

Acquisition Overview - The ODP Corporation is set to be acquired by an affiliate of Atlas Holdings in a deal valued at approximately $1 billion, expected to close by the end of the year, subject to customary conditions [2][3] - Upon completion, The ODP Corporation will transition to a privately held company [3] Company Performance - In the second quarter, The ODP Corporation reported sales of $1.6 billion, reflecting an 8% decline year-over-year, primarily due to 60 fewer retail stores and reduced consumer traffic [5] - The company noted improvements in same-store sales trends in its consumer segment and a 200-basis point improvement in year-over-year revenue trends in its B2B distribution business, driven by new customer traction and expansion into the hospitality sector [6] Strategic Insights - The CEO of The ODP Corporation emphasized that the acquisition will enhance the company's growth position and support its B2B initiatives [3] - Atlas Holdings has a history of successfully transitioning public companies into private entities and aims to provide the necessary resources for long-term value creation [4]

Disciplinary Actions by Companies - Multiple employers across the U.S. have taken disciplinary actions, including terminations, against employees who made inappropriate comments regarding the assassination of Charlie Kirk [1][4][5] - Nasdaq terminated an employee for social media posts that violated its zero-tolerance policy on violence [4] - The Broad Institute fired an employee for posting a "deeply offensive" comment about Kirk's killing [5] - Perkins Coie dismissed a lawyer for criticizing Kirk on social media, stating the comments did not reflect the firm's views [6][7] - Office Depot fired an employee after a viral video showed staff refusing to print posters for a vigil for Kirk [8][9] - The Joe Burrow Foundation terminated an advisory board member for making inappropriate remarks following Kirk's assassination [10] - MSNBC political analyst Matthew Dowd was fired after making comments about the divisive nature of Kirk's rhetoric [12] - The Carolina Panthers fired a communications department employee for social media posts questioning public mourning for Kirk [13][14] - The West Ada School District dismissed a cheerleading coach for allegedly celebrating Kirk's death in a video [16]

Core Viewpoint - Office Depot expresses deep concern regarding a negative customer experience at Store 3382 in Portage, Michigan, emphasizing that the associate's behavior was unacceptable and did not align with company values [1] Company Response - The company acknowledges the incident and states that it violates company policies, reflecting a commitment to uphold its values [1] - An apology is issued on behalf of the company to the affected customer, indicating a proactive approach to customer service [1] - Office Depot took immediate action by reaching out to the customer to address the situation [1]

2015-2025年全国文化办公用品类商品零售类值累计值与累计增长统计图 数据来源：国家统计局 近一年全国文化办公用品类商品零售类值当期值与同比增长统计图 数据来源：国家统计局 相关报告：智研咨询发布的《2025-2031年中国零售支付行业市场全景调研及发展潜力研判报告》 2025年6月，全国文化办公用品类商品零售类值当期值为533.4亿元，环比增长33.75%，同比增长 24.4%；2025年1-6月全国文化办公用品类商品零售类值累计值为2406.2亿元，同比增长25.4%。 ...

Group 1 - A new individual business named "Maitengrui Office Supplies Business" has been established in the High-tech Zone of Huzhuguan Town, with a registered capital of 50,000 RMB [1] - The legal representative of the business is Cao Wenjun [1] - The business scope includes general projects such as office supplies sales, stationery wholesale, daily miscellaneous sales, labor protection supplies sales, typing and copying services, graphic design and production, office services, hardware retail, packaging materials and products sales, office equipment consumables sales, and rubber products sales [1]

Group 1: Momentum Investing Overview - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for trending stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: ODP Corp. Analysis - ODP Corp. has shown significant price momentum, with a four-week price change of 17%, indicating growing investor interest [3] - The stock has gained 8.7% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - ODP has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [6] - ODP is trading at a low Price-to-Sales ratio of 0.07, meaning investors pay only 7 cents for each dollar of sales, indicating a reasonable valuation [6] Group 3: Investment Opportunities - ODP is highlighted as a strong candidate for investment, with potential for further price appreciation [7] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting a broader opportunity for investors [7] - Zacks Premium Screens offer various strategies to identify winning stock picks based on different investing styles [8]