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Atlas Holdings to Acquire ODP Corp. for $1 Billion

9/22/2025

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Summary

Story summary

Atlas Holdings will acquire ODP Corp. (Office Depot), for $1 billion, paying $28 per share, a 34% premium over September 19 closing price.
The deal is expected to close by year-end and take ODP private, ending NASDAQ trading.
ODP's CEO Gerry Smith says the move supports growth and strengthens partnerships; faced e-commerce competition and rejected Staples offers.

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Story summary

Atlas Holdings will acquire ODP Corp. (Office Depot), for $1 billion, paying $28 per share, a 34% premium over September 19 closing price.
The deal is expected to close by year-end and take ODP private, ending NASDAQ trading.
ODP's CEO Gerry Smith says the move supports growth and strengthens partnerships; faced e-commerce competition and rejected Staples offers.