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Stock impact report

Office Depot parent delays spin-off after new offer for consumer business [Financial Post (Toronto, Ontario, Canada)]

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: Financial Post
One of the offers, which first came in June from USR Parent Inc, the parent of Staples and a portfolio company of private equity firm Sycamore Partners, had quoted $1 billion in cash for the division. Best sites to order face masks for kids 2022 Advertisement ODP, the parent of Office Depot and OfficeMax brands, said it received a second offer in December, without disclosing the terms of the non-binding proposal or the name of the party. Advertisement Article content “(The company) has determined to delay further work on the separation in order to avoid incurring potentially unnecessary separation costs while it focuses on a potential sale of the consumer business,” ODP said in a statement. ODP said in May it expected to complete a spin off its distribution platform, which schools, offices and other businesses use to buy supplies, into a separate company in the first half of this year. The company said it still remains in talks with Sycamore, which reiterated its inte Show less Read more
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