Gregory Burns

Michael Lasser

Joseph Gomes

Joe Gomes

Joshua Zoepfel

Zane Brock

- ODP Corp. has entered into a merger agreement to become a **wholly-owned subsidiary of Parent**.  **[800240_0001193125-25-211474_d60290dex21.htm:5]** 
- Each share of ODP Common Stock will be converted into the right to receive **$28.00 per share in cash**.  **[800240_0001193125-25-211474_d60290dex21.htm:7]** 
- The closing of the merger is scheduled for the **third business day** following the satisfaction or waiver of the conditions outlined in the agreement.  **[800240_0001193125-25-211474_d60290dex21.htm:5]** 
- Outstanding equity awards, including RSU Awards and PSU Awards, will be converted into cash based on the Per Share Merger Consideration, while options will be cancelled for no consideration.  **[800240_0001193125-25-211474_d60290dex21.htm:7]** **[800240_0001193125-25-211474_d60290dex21.htm:8]**

ODP Corp. Announces Merger Agreement and Per Share Consideration

- The ODP Corporation, parent company of Office Depot, has agreed to be acquired by private equity firm Atlas Holdings for approximately **$1 billion**, with Atlas paying **$28 per share**.  **[800240_3206ea3061484193bc10ef5b3be75adb]** 
- This acquisition price represents a **34% premium** over ODP’s closing share price on September 19, 2025.  **[800240_3206ea3061484193bc10ef5b3be75adb]** 
- The deal, which was **unanimously approved** by ODP's board, is expected to close by the **end of 2025** and will result in ODP becoming a privately held company and its delisting from Nasdaq.  **[800240_3206ea3061484193bc10ef5b3be75adb]** 
- ODP's CEO Gerry Smith highlighted that Atlas's operational expertise and resources will **accelerate the company's business-to-business growth initiatives**.  **[800240_3206ea3061484193bc10ef5b3be75adb]**

ODP Corporation Agrees to $1 Billion Acquisition by Atlas Holdings

- The ODP Corporation has entered into a definitive agreement to be acquired by an affiliate of Atlas Holdings in an **all-cash transaction**.  **[800240_0001193125-25-209987_d919102dex991.htm:0]** 
- Shareholders of The ODP Corporation will receive **$28 per share in cash**, which represents a **34% premium** to the company's closing share price on September 19, 2025.  **[800240_0001193125-25-209987_d919102dex991.htm:0]** 
- The transaction values The ODP Corporation at approximately **$1 billion** and is expected to be completed by the **end of 2025**.  **[800240_0001193125-25-209987_d919102dex991.htm:0]** 
- Upon completion, The ODP Corporation will become a privately held company, and its common stock will no longer be listed on the NASDAQ stock exchange.  **[800240_0001193125-25-209987_d919102dex991.htm:0]**

ODP (ODP)