ODP Corporation announced it will be acquired by an affiliate of Atlas Holdings in an all-cash transaction valued at approximately US$1 billion. Shareholders will receive $28 per share, a 34 percent premium over the closing stock price on September 19, 2025. The acquisition, which has been unanimously approved by ODP’s Board of Directors, will result in the company becoming privately held and delisted from NASDAQ. This move is expected to enhance ODP’s growth initiatives and strengthen its market position, with Atlas Holdings providing the necessary operational expertise and resources.

J.P. Morgan Securities LLC is serving as exclusive financial advisor and Simpson Thacher & Bartlett LLP is serving as legal advisor to The ODP Corporation. Lazard is serving as financial advisor and Willkie Farr & Gallagher LLP is serving as legal advisor to Atlas Holdings.