m_and_a
confidence high
sentiment positive
materiality 0.85
ODP to be acquired by Atlas Holdings for $28/share all-cash, ~$1B value
ODP Corp
- Purchase price $28/share all-cash, 34% premium over Sept 19 close, ~$1B enterprise value.
- Transaction expected to close by end of 2025, subject to shareholder vote and regulatory approvals.
- ODP Board unanimously approved; company will become private and shares delisted from Nasdaq.
- Atlas Holdings affiliate is acquirer; ODP advised by J.P. Morgan and Simpson Thacher.
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