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flag ODP Corp. will be bought by Atlas Holdings in a $1B all-cash deal, taking the company private.

flag ODP Corporation has agreed to be acquired by an affiliate of Atlas Holdings in a $1 billion all-cash deal, with shareholders receiving $28 per share—a 34% premium to ODP’s September 19, 2025, closing price of $20.82. flag The transaction, pending regulatory approval and shareholder consent, will take ODP private, delisting it from the NASDAQ. flag The deal, expected to close by year-end, reflects a growing trend of private equity buyouts in the business services sector. flag ODP, which operates under brands like Office Depot and OfficeMax, offers business products, technology solutions, and distribution services. flag Atlas Holdings, based in Greenwich, Connecticut, specializes in transforming public companies into private, high-performing enterprises and owns 29 global businesses across manufacturing, distribution, and supply chain with over $20 billion in annual revenue.

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