Atlas Holdings has agreed to purchase The ODP Corporation, which owns Office Depot and OfficeMax, for $1bn at $28 per share in cash, a 34% premium over ODP’s closing price on 19 September 2025. Once acquired, ODP will become privately held, and its stock will be delisted from Nasdaq. The deal is expected to close by the end of 2025 pending regulatory and shareholder approval. Atlas Holdings plans to support ODP’s evolution in the retail industry. CEO Gerry Smith expressed excitement about the future partnership. In January 2021, ODP rejected a takeover bid from Staples. (Source: Retail Insight Network)

Read more at Yahoo Finance: Atlas Holdings to acquire ODP Corporation in $1bn deal