ODP Corporation Completes Transition to Private Ownership
The ODP Corporation has completed its transition to private ownership, delisting from NASDAQ after being acquired by Atlas Holdings for approximately $1 billion. This move, approved by shareholders and regulatory bodies in late 2025, resulted in stockholders receiving $28 per share. The company will now operate under new leadership with Craig Gunckel as CEO, aiming for increased strategic flexibility away from public market scrutiny.
ODP Corporation Completes Transition to Private Ownership
The ODP Corporation has completed its transition to private ownership, delisting from NASDAQ after being acquired by an affiliate of Atlas Holdings for approximately $1 billion. This move, finalized on December 10, 2025, provides shareholders with $28 per share and usher in new leadership with Craig Gunckel as CEO. The shift to private status allows ODP greater flexibility for strategic changes away from public market scrutiny.
ODP gains on report it's exploring a sale
ODP Corporation, the parent company of Office Depot and OfficeMax, surged in early trading following a report that it is exploring a potential sale. The company, which split into two businesses in 2022, is reportedly working with an advisor for this strategic review. This news comes after activist investor Starboard Value previously expressed interest in acquiring ODP.
Office Depot Extends Non-Recourse Debt to Align Maturity With Associated Timber Note Receivable
Office Depot, Inc. has announced that an indirect subsidiary secured a 3-month bridge loan of $735 million to refinance existing non-recourse debt. This move aligns the maturity date of the debt with an associated $817.5 million timber note receivable, both due on January 29, 2020. The company anticipates a net pretax cash inflow of approximately $82.5 million upon the final maturity of these instruments.
Office Depot, Inc. Announces Review of Potential Holding Company Reorganization
Office Depot, Inc. (NASDAQ: ODP) announced its Board of Directors approved a feasibility review for a potential holding company reorganization. This reorganization would establish The ODP Corporation as the new parent company, trading on Nasdaq under the existing "ODP" symbol, with current Office Depot shares converting to shares of the new entity on a one-for-one basis. The move aims to simplify the company's legal and tax structure, align operating assets, and increase operational flexibility, without changing directors, executive officers, management, business operations, or regular quarterly dividends.
Office Depot Nearly Doubles Average Recycled Content of Paper Used in Its North American Copy & Print Centers; Exceeds 2004 Targ
Office Depot announced that it nearly doubled the average recycled content of paper used in its North American Copy & Print Centers in 2004, achieving 26.9% post-consumer waste (PCW) recycled content, exceeding its 2004 goal of 20%. This achievement, a 90% increase over 2003, is part of the company's commitment to environmental performance, resulting in significant savings in trees, energy, and reductions in greenhouse gas emissions and solid waste. The company also enhanced its private brand papers with increased recycled content and pioneered an independent chain-of-custody system for sourcing environmentally preferable paper.
The ODP Corporation Announces Selection of Chief Executive Officers and Company Names Ahead of Planned Spin-Off
The ODP Corporation (NASDAQ:ODP) is moving forward with its plan to separate into two independent, publicly-traded companies by the first half of 2022. The company announced the selection of Chief Executive Officers and company names for the two entities: The ODP Corporation, a B2B solutions provider, and Office Depot, Inc., a retail consumer and small business products provider. Gerry Smith will continue to lead The ODP Corporation, while Kevin Moffitt will become CEO of Office Depot, Inc.
The ODP Corporation Delays Public Company Separation to Evaluate Potential Sale of Its Consumer Business
The ODP Corporation (NASDAQ:ODP) has announced a delay in its previously planned public company separation to evaluate potential sale offers for its consumer business. This decision comes after receiving a non-binding proposal from a second third party to acquire the consumer business, in addition to an earlier proposal from Sycamore Partners. The company's board is reviewing both offers to determine the best course of action for shareholders, prioritizing a potential sale over incurring unnecessary separation costs.
ODP Now Private with New CEO as Atlas Completes $1B Deal
ODP Corp., parent company of Office Depot and OfficeMax, has been acquired by private equity firm Atlas Holdings for $1 billion, ending its nearly 38-year run as a publicly traded company. Craig Gunckel has been appointed as the new CEO, succeeding Gerry Smith, with a focus on refocusing the core businesses and driving profitable growth. The acquisition follows a period of extensive restructuring for ODP and was approved by shareholders and regulators.
Investors Heavily Search The ODP Corporation (ODP): Here is What You Need to Know
The ODP Corporation (ODP) has been a highly searched stock on Zacks.com, showing an 11.6% return over the past month. The company holds a Zacks Rank #1 (Strong Buy) due to positive earnings estimate revisions, despite projected year-over-year earnings and revenue decreases for the current quarter and fiscal year. ODP Corp. also received an 'A' grade in Zacks' Value Style Score, indicating it may be trading at a discount compared to its peers.
Caxton Associates LLP Makes New $2.40 Million Investment in The ODP Corporation $ODP
Caxton Associates LLP has invested $2.40 million in The ODP Corporation, acquiring 132,455 shares. This new stake highlights institutional interest, with hedge funds and other institutional investors owning approximately 99.56% of ODP. Despite a recent EPS beat, the company faces challenges including an 8.7% revenue decline and a "Reduce" consensus rating from analysts.
ODP Corporation Concludes Acquisition and Goes Private
The ODP Corporation has finalized its acquisition by an Atlas Holdings subsidiary for approximately $1 billion, transitioning to a privately held entity. Its common stock has been delisted from NASDAQ, and shareholders will receive $28.00 per share. This move concludes ODP's strategic review, and under new private ownership, its business units are expected to be reorganized and optimized, with Craig Gunckel taking over as CEO.
Office Depot parent company names new CEO after $1 billion acquisition
Office Depot's parent company, ODP Corp, has appointed Craig Gunckel as its new CEO following its transition to private ownership under a private equity firm. This move comes after a $1 billion acquisition that concluded its public trading status.
New owner taps CEO for Office Depot, OfficeMax
Atlas Holdings has completed its $1 billion acquisition of The ODP Corporation, parent company of Office Depot and OfficeMax, and appointed Craig Gunckel as CEO. Gunckel, an Atlas veteran, will replace Gerry Smith. The deal privatizes ODP, delisting its stock from Nasdaq, with a focus on improving financial performance by emphasizing business-to-business operations and a refreshed strategy for its core businesses.
New CEO at ODP as Atlas deal closes
Atlas Holdings has appointed Craig Gunckel as the new CEO of The ODP Corporation (ODP) following the closure of their deal. The full details of this appointment are available to paid members of the OPI website. This move marks a significant leadership change for ODP.
Office Depot Officially Goes Private in $842 Million Acquisition
The ODP Corporation, parent of Office Depot and Office Max, has been acquired by Atlas Holdings for $842 million, taking the company private. This deal, valued at $1 billion, received shareholder and regulatory approval, with Craig Gunckel named as the new CEO. The acquisition aims to enhance the company's position in both retail and B2B distribution by operating as separate private entities under Atlas Holdings.
Atlas Holdings Completes Acquisition of The ODP Corporation; Craig Gunckel Named Chief Executive Officer
Atlas Holdings has completed its acquisition of The ODP Corporation for approximately $1 billion. Concurrently, Craig Gunckel has been appointed CEO of ODP, succeeding Gerry P. Smith. The acquisition makes ODP a private, independently operated company, and its stock has ceased trading on NASDAQ.
Atlas Holdings Completes Acquisition of The ODP Corporation; Appoints Craig Gunckel as CEO
Atlas Holdings has completed its acquisition of The ODP Corporation for approximately $1 billion. Craig Gunckel, previously CEO of Iconex, has been appointed CEO of ODP, overseeing its retail business (Office Depot and OfficeMax) and North American B2B distribution network. The acquisition makes ODP a private, independently operated company, with its common stock delisted from NASDAQ.
ODP Corporation to Go Private in $2.6 Billion Merger
ODP Corporation, known for its Office Depot brand, is set to finalize a $2.6 billion all-cash merger with Atlas Holdings on December 9, 2025. This transaction, approved by shareholders and regulators, will result in ODP becoming a privately held company and its stock being delisted from Nasdaq. Shareholders will receive $28.00 per share, a 34.5% premium over the pre-announcement trading price, and the move allows ODP to operate outside public market volatility.
Responsive Playbooks and the ODP Inflection
This article provides an AI-generated analysis of The ODP Corporation (NYSE: ODP), indicating a neutral near and mid-term outlook but a positive long-term bias. It outlines three distinct trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—along with specific entry, target, and stop-loss levels. The analysis highlights an exceptional risk-reward short setup and offers real-time signals and institutional-grade insights for investors.
Prudential Financial Inc. Purchases 153,019 Shares of The ODP Corporation $ODP
Prudential Financial Inc. significantly increased its stake in The ODP Corporation by 486.3% in Q2, acquiring 153,019 shares to hold a total of 184,487 shares, representing a 0.61% stake valued at approximately $3.345 million. Despite ODP exceeding EPS estimates in its last quarterly report, analysts maintain a "Reduce" rating with an average target price of $28. The stock currently trades near its 12-month high with a P/E of 42.38.
ODP tweaks document after shareholder legal moves
The ODP Corporation has made minor changes to its proxy statement concerning the acquisition by Atlas Holdings. This adjustment follows shareholder legal actions and was reported on November 24, 2025.
The ODP Corporation Announces Third Quarter 2025 Results
The ODP Corporation reported a third-quarter 2025 revenue of $1.6 billion, marking a 9% decrease from the prior year, primarily due to fewer retail locations and reduced consumer traffic. Despite this, the company achieved GAAP EPS of $0.72 and Adjusted EPS of $1.14, along with strong adjusted free cash flow. A previously announced merger with an affiliate of Atlas Holdings is still expected to close by the end of 2025.
SHAREHOLDER RIGHTS ALERT: Halper Sadeh LLC Investigates ODP, SCS, MESA on Behalf of Shareholders - Bluefield Daily Telegraph
Halper Sadeh LLC is investigating potential federal securities law violations and/or breaches of fiduciary duties concerning the sales of ODP Corporation and Steelcase Inc., and Mesa Air Group's merger with Republic Airways Holdings. The firm encourages shareholders of these companies to contact them to learn more about their legal rights and options. Halper Sadeh LLC aims to secure increased consideration, additional disclosures, or other relief for shareholders.
SHAREHOLDER RIGHTS ALERT: Halper Sadeh LLC Investigates ODP, SCS, MESA on Behalf of Shareholders
Halper Sadeh LLC is investigating ODP Corporation, Steelcase Inc., and Mesa Air Group, Inc. for potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders. The investigation into Mesa Air Group specifically concerns its merger with Republic Airways Holdings Inc., where Mesa shareholders will own a minimum of 6% to 12% of the combined company. The law firm encourages affected shareholders to contact them to discuss their legal rights and options, including seeking increased consideration or additional disclosures.
$HAREHOLDER ALERT: The M&A Class Action Firm Launches Legal Inquiry for the Merger - AL, ODP, HNI, and SCS - PR Newswire
Monteverde & Associates PC (the "M&A Class Action Firm") has launched legal inquiries into the proposed mergers involving several companies: Air Lease Corporation (AL), ODP Corporation (ODP), HNI Corporation (HNI), and Steelcase Inc. (SCS). The firm, led by Class Action Attorney Juan Monteverde, is investigating these transactions to ensure fair value for shareholders. Shareholders of the listed companies are encouraged to contact the firm for more information regarding their rights and the potential for legal action, free of charge.
ODP (NASDAQ:ODP) Share Price Crosses Above 200-Day Moving Average – What’s Next?
ODP Corporation's share price recently crossed above its 200-day moving average, trading at $23.41, higher than its 200-day average of $18.84. The company has a market capitalization of $835.92 million and institutional investors own 99.56% of its stock. Large investors like Farther Finance Advisors LLC and Parallel Advisors LLC have significantly increased their holdings in ODP.
Dimensional Fund Advisors LP Reduces Stake in The ODP Corp
Dimensional Fund Advisors LP reduced its stake in The ODP Corp by 6.23%, selling 123,648 shares at $27.85 each. Despite the reduction, The ODP Corp remains a significant holding within Dimensional Fund Advisors' traded stock portfolio, with 1,860,319 shares. The ODP Corp is considered significantly undervalued by GuruFocus and shows moderate financial health with a GF Score of 74/100.
Dimensional Fund Advisors LP Reduces Stake in The ODP Corp
Dimensional Fund Advisors LP has reduced its stake in The ODP Corp by 6.23%, selling 123,648 shares at $27.85 each. Despite this reduction, The ODP Corp remains a component of Dimensional Fund Advisors' portfolio, which is known for its academic research-driven investment strategies. The ODP Corp, valued at $836.963 million, is considered significantly undervalued according to GuruFocus and shows moderate financial health and growth potential.
Technical Reactions to ODP Trends in Macro Strategies - news.stocktradersdaily.com
This article provides an AI-driven technical analysis of The ODP Corporation (NYSE: ODP), highlighting neutral shorter-term readings and a weak long-term bias. It outlines three distinct trading strategies—Position Trading LONG, Momentum Breakout, and Risk Hedging SHORT—with specific entry, target, and stop-loss levels. The analysis also includes multi-timeframe signal analysis, indicating support and resistance levels across near-term, mid-term, and long-term horizons.
The ODP Corporation (ODP) is Attracting Investor Attention: Here is What You Should Know - Yahoo Finance
The ODP Corporation (ODP) has seen its stock gain nearly 30% over the past month, attracting significant investor attention. This article by Zacks Equity Research delves into the company's earnings revisions, revenue growth forecasts, and valuation to help investors understand the fundamental factors driving its performance and future direction.
Office Depot owner to go private for $1B
The ODP Corporation, owner of Office Depot and OfficeMax, has agreed to be acquired by an affiliate of private equity group Atlas Holdings for $28 per share in cash, valuing the company at approximately $1 billion. This deal, which represents a 34% premium to ODP’s previous closing share price, will take the company private, ceasing its stock trading on public markets. The transaction is expected to close by the end of 2025, pending regulatory and shareholder approvals, and aims to enhance ODP's B2B growth initiatives.
The ODP Corporation to Be Acquired by Atlas Holdings in All-Cash Transaction
The ODP Corporation announced it will be acquired by an affiliate of Atlas Holdings in an all-cash transaction valued at approximately $1 billion. Shareholders will receive $28 per share, representing a 34% premium to the closing stock price on September 19, 2025. The acquisition is expected to make ODP a privately held company by the end of 2025, with Atlas Holdings aiming to support its B2B growth and continued evolution.
ODP’s B2B Sales Fell 6% During April-June
ODP Corporation reported a 6% decline in sales for its B2B ODP Business Solutions Division during the second quarter of 2025, reaching $859 million. This decrease was observed despite improving revenue trends, new customer acquisitions, and initial gains from expanding into the hospitality sector. Overall, ODP's total sales were down 8% year-over-year, primarily due to fewer retail locations and reduced consumer traffic in its Office Depot Division.
ODP Corp. Exceeds Q2 Forecasts Though Office Depot Comps Lag
ODP Corp. reported better-than-expected Q2 results, with adjusted net income of $15 million, or 51 cents per diluted share, surpassing analyst estimates. Despite this, the Office Depot division experienced a 5% decline in comparable sales and a 10% decrease in overall sales due to fewer retail locations and reduced traffic. The company is optimistic about continued improvements in the second half of 2025, driven by growth in its B2B segment and consumer business, and expects to generate over $115 million in adjusted free cash flow for the full year.
Related Group pays $50 million for development site at Office Depot headquarters
Related Group has acquired a development site at the Office Depot headquarters in Boca Raton for $50 million. The company plans to construct apartments as part of a larger mixed-use project. This acquisition was made from BH Group and PEBB Enterprises, and the new development will be located in South Florida.
OfficeMax to close East Peoria store
The OfficeMax store in East Peoria, located at 200 Riverside Drive, is slated to close its doors by June due to declining sales at the company level. Sales for ODP Corp, the parent company of OfficeMax, dropped 10% in late 2024 compared to the previous year, attributed partly to store closures and reduced online traffic. The East Peoria store, open since 1998, is offering various sales until the end of May.
ODP Business Solutions Announces New Landmark Partnership to Deliver Solutions to CoreTrust Members
ODP Business Solutions has announced a new private sector purchasing contract with CoreTrust, a group purchasing organization. This partnership will allow ODP Business Solutions to provide products and services like interiors/furniture, technology, and breakroom supplies to CoreTrust's over 3,500 business members, expanding its reach into new industries. Both companies anticipate significant growth and mutual benefits from this collaboration, emphasizing value and an improved buying experience for their respective customers and members.
ODP Business Solutions partners with Hunter Amenities
ODP Business Solutions, a division of The ODP Corp., has announced a distribution partnership with Hunter Amenities. This collaboration will allow ODP Business Solutions to distribute Hunter's hotel and guest amenities, including liquid beauty products, soaps, and dry goods, to its hospitality partners. Both companies anticipate this partnership will enhance product offerings in the hospitality industry and strengthen ODP Business Solutions' position as a key supplier for in-room needs.
Around 60 employees to be laid off at Plymouth shipping facility
Florida-based logistics company Veyer is permanently closing its facility in Plymouth, Minnesota, leading to the layoff of approximately 60 employees. The layoffs, affecting various positions including office, warehouse, and driving roles, will commence over a 14-day period starting April 28. Veyer is a subsidiary of The ODP Corporation, which also owns Office Depot and OfficeMax.
CEO Gerry Smith: ODP Strengthens B2B Focus, Investments, But Faces Challenges
ODP CEO Gerry Smith detailed the company's strategic pivot towards B2B despite facing challenges in its retail division and macroeconomic headwinds. ODP secured a significant new B2B contract worth up to $1.5 billion over 10 years, which is expected to drive future growth. The company reported a revenue and earnings miss for fiscal Q3 2024 and lowered its full-year guidance, attributing it to a competitive back-to-school season, reduced consumer demand, and hurricane impacts.
ODP Corp. Appoints Co-CFOs
The ODP Corporation, parent company of Office Depot and Office Max, has appointed Max Hood and Adam Haggard as Co-Chief Financial Officers and Co-Principal Financial Officers. Both Hood and Haggard are long-time company veterans, with Hood also taking on the role of Principal Accounting Officer. These appointments were announced in a Dec. 12 8-K SEC filing.
The ODP Corp (ODP) Q3 2024 Earnings Call Highlights: Strategic B2B Pivot Amid Revenue Decline
The ODP Corp (ODP) reported a revenue decline in Q3 2024 but highlighted significant progress in its strategic B2B pivot, including securing a major new contract worth up to $1.5 billion. Despite challenges like reduced retail sales and hurricane impacts, the company is expanding into new industry segments like hospitality and maintains a strong balance sheet. ODP has adjusted its 2024 financial guidance downwards due to ongoing market conditions and investment demands, while emphasizing future profitability improvements from its B2B strategy.
The ODP Corporation Embarks on a New 10-Year, $1.5B Transformative Partnership with Nationally Recognized Strategic Reseller
The ODP Corporation announced a new 10-year, $1.5 billion partnership with a strategic reseller organization to enhance procurement efficiency and customer experience. This collaboration will leverage the reseller's e-commerce expertise and ODP's extensive fulfillment and delivery network. The partnership aims to provide value-added solutions for businesses and vendors to thrive in the competitive market.
Office Depot parent company rolls out generative AI assistant to 900 stores
ODP Corporation, the parent company of Office Depot and OfficeMax, has rolled out a generative AI assistant, the ODP Personal Assistant, to approximately 12,000 associates across 900 stores nationwide. The tool, first launched in February 2023, is designed to help employees quickly access information and answer customer questions, enhancing customer engagement and service accuracy. This initiative aims to leverage AI to boost associate expertise and streamline in-store operations.
ODP Corp. develops AI assistant for Office Depot, Office Max associates
ODP Corporation has integrated a generative AI tool, the ODP Personal Assistant, across its Office Depot and OfficeMax stores to help associates provide faster and more accurate customer service. The internal AI tool, which leverages the same technology as ChatGPT, was expanded to include more comprehensive knowledge bases after a successful launch in February 2023. This initiative positions ODP alongside other major retailers like Walmart, Target, Amazon, and Tractor Supply, which are also deploying AI to streamline operations and enhance customer and employee experiences.
Office Depot launches business services program
Office Depot has partnered with Dun & Bradstreet to launch Power.Up, a new business-to-business program offering credit, marketing, data, creative, and advertising services. This initiative aims to help organizations save time and money by providing services that create efficiencies. The collaboration expands Office Depot's existing business solutions and marks a continued shift towards a business services model.
ODP Corp. agrees to sell and partially lease back its corporate HQ in Boca Raton
ODP Corp., formerly Office Depot, announced an agreement to sell its corporate headquarters in Boca Raton, Florida, and then partially lease back a portion of the building for at least two years. The deal is expected to finalize by year-end, with no terms disclosed. ODP shares were inactive premarket and have seen a 9% decline year-to-date, contrasting with the S&P 500's 13% fall.
After much mulling, Office Depot owner rejects both sale and split
ODP Corp., the owner of Office Depot and OfficeMax, has decided to remain a
Office Depot parent company reaches decision on sale, split
The ODP Corp., parent company of Office Depot and OfficeMax, has decided against divesting its consumer business and will not pursue a separation into two public companies at this time. This decision was reached after reviewing potential sale offers and considering current market and macroeconomic conditions, as well as the benefits of maintaining purchasing and supply chain synergies. The company also released updated second-quarter guidance, expecting consolidated revenue of approximately $2 billion and adjusted EBITDA in the range of $85 million to $90 million.
