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The ODP Corporation to Be Acquired by Atlas Holdings in All-Cash Transaction

1. ODP to be acquired by Atlas Holdings for $28 per share, 34% premium.

M&A
+33.41%Current Return
VS
-0.04%S&P 500
$20.8209/22 07:21 AM EDTEvent Start
$27.77509/22 10:15 AM EDTLatest Updated
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FAQ

Why Very Bullish?

The acquisition at a 34% premium indicates strong market confidence in ODP's valuation, reflecting a maximum profit scenario for current investors.

How important is it?

The acquisition significantly alters ODP's market position, directly affecting valuation and stock movement.

Why Short Term?

The immediate reaction to the acquisition news is likely to raise stock prices quickly, benefiting shareholders in the near term.

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ATLDODP
BOCA RATON, Fla. & GREENWICH, Conn.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP), a leading provider of products, services and technology solutions to businesses and consumers, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Atlas Holdings, which owns and operates a global family of manufacturing and distribution businesses, for $28 per share in cash. The purchase price represents a premium of 34% to The ODP Corporation's closing share pri.

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