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].