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Stock impact report

New owner taps CEO for Office Depot, OfficeMax [Yahoo! Finance]

The ODP Corporation (ODP) 
Last the odp corporation earnings: 2/26 06:50 am Check Earnings Report
US:NYSE Investor Relations: investor.officedepot.com
Company Research Source: Yahoo! Finance
Craig Gunckel has been appointed chief executive officer of The ODP Corporation , which runs retailers Office Depot and OfficeMax, parent Atlas Holdings announced Wednesday. Atlas also said its all-cash acquisition of ODP closed Wednesday. Gunckel replaces Gerry Smith, who left once the transaction was complete. The deal, valued at about $1 billion, was announced in September . The tie-up received all necessary regulatory approvals and was approved by ODP shareholders on Friday. As of Wednesday, The ODP Corporation is a private and independently operated company, so its stock has ceased trading and will be delisted from the Nasdaq stock exchange. Gunckel may be new to ODP but he is an Atlas veteran. Most recently he was CEO of label and receipt solutions company Iconex, which was previously owned by Atlas. In all, he has almost 30 years of leadership experience in the paper and packaging industries. Private equity firm Atlas and its affiliates own and operate 30 companies in Show less Read more
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