ODP Corp to be acquired by Atlas Capital affiliate for $28.00 per share in cash

ODP Corp

Merger consideration of $28.00 per share in cash; ODP board unanimously approved.
Closing expected by June 22, 2026, with two possible 3-month extensions for regulatory approvals.
Company termination fee of $36.56M ($16.87M if terminated before Oct 6, 2025).
Company subject to no-shop provision with customary fiduciary out, must hold stockholder vote.
Transaction requires HSR waiting period expiration and no Material Adverse Effect.

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