Atlas Holdings Acquires The ODP Corporation in $1 Billion All-Cash Deal

What's Happening?

The ODP Corporation, a prominent provider of business products and services, has announced a definitive agreement to be acquired by Atlas Holdings for $28 per share in cash. This acquisition values The ODP Corporation at approximately $1 billion, representing a 34% premium over its closing share price on September 19, 2025. Upon completion, The ODP Corporation will transition to a privately held company, delisting from NASDAQ. The acquisition is supported by The ODP Corporation's Board of Directors and aims to enhance the company's growth initiatives and strengthen its position in the B2B sector. Atlas Holdings, known for transitioning public companies into successful private enterprises, plans to leverage its operational expertise to support The ODP Corporation's evolution.

Why It's Important?

This acquisition marks a significant shift for The ODP Corporation, potentially enhancing its competitive edge in the business-to-business market. By becoming a privately held entity, The ODP Corporation may benefit from increased flexibility in strategic decision-making and operational execution. Atlas Holdings' involvement is expected to provide the necessary resources and expertise to navigate the challenging retail environment and drive growth. The deal is poised to impact shareholders positively, offering a substantial premium on their shares. Additionally, the acquisition could influence the broader industry by setting a precedent for similar transactions, highlighting the trend of public companies transitioning to private ownership to achieve long-term value.

What's Next?

The transaction is anticipated to be completed by the end of 2025, subject to customary closing conditions, including regulatory approvals and shareholder consent. The ODP Corporation's leadership will focus on integrating Atlas Holdings' resources and expertise to advance its growth initiatives. Stakeholders, including associates, customers, and suppliers, are expected to experience changes as the company adapts to its new ownership structure. The acquisition may prompt reactions from competitors and industry analysts, who will closely monitor the impact on The ODP Corporation's market position and operational strategies.