Office Depot Parent Delays Split After Receiving Another Bid [Business News Network (BNN) (Canada)]
The ODP Corporation (ODP)
Last the odp corporation earnings: 2/26 06:50 am
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investor.officedepot.com
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Source: Business News Network
ODP Corp. received a nonbinding offer for the consumer business from an unidentified party in December, according to a statement Friday. Terms weren't disclosed. The company is reviewing that proposal and is also still in talks with Sycamore Partners, the parent of rival office-supply retailer Staples. Sycamore had offered $1 billion in cash for the consumer business in June and reaffirmed that bid in November. ODP said it's evaluating the potential value and regulatory risk of Sycamore's offer. Staples had previously tried to buy Office Depot, but the $6.3 billion acquisition was called off in 2016 due to antitrust scrutiny. “If the consumer business is not sold, then ODP's board of directors will reevaluate the advisability and timing of the public company separation,” Chief Executive Officer Gerry Smith said in the statement. In May, Boca Raton, Florida-based ODP said it would spin off its Business Solutions Division contract unit and independent regional office-supply distr
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- The ODP Corporation Renews and Extends Existing Asset-Based Credit FacilityBusiness Wire
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- The ODP Corporation Announces First Quarter 2024 ResultsBusiness Wire
ODP
Earnings
- 5/8/24 - Miss
ODP
Analyst Actions
- 2/29/24 - TheStreet
ODP
Sec Filings
- 5/9/24 - Form 8-K
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- ODP's page on the SEC website