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Paragon s OT wing buys part of Office Depot

Paragon s OT wing buys part of Office Depot
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Staples Inc parts with CEO as owner Sycamore Partners plots Office Depot takeover

Staples Inc parts with CEO as owner Sycamore Partners plots Office Depot takeover
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United statesJeff hallAlexander douglasJohn ledererOffice maxOffice depotStaples incParent incDive briefChairman john ledererSycamore partnersWall streetFederal trade commissionChief financial officer jeff hallNorth americaSycamore douglas

Staples Proposes To Acquire The ODP Corporation s Consumer Business

/PRNewswire/ USR Parent, Inc. ("Staples") today said it had sent a letter to the Board of Directors of The ODP Corporation (NASDAQ: ODP) outlining a $1.0.

United statesMarco vallaBoca ratonSteven lipin patricia figueroaStefan kaluznyOffice depotParent incExchange commissionCompany business solutions divisionStaples groupStaples incTerm sheetConsumer businessBusiness solutions divisionPurchase pricePurchase agreement

Staples Proposes To Acquire ODP s Consumer Business For $1 0 Bln Or $18 27/share

Staples Proposes To Acquire ODP s Consumer Business For $1.0 Bln Or $18.27/share FRAMINGHAM (dpa-AFX) - Staples, known as USR Parent, Inc., on Friday floated a proposal to acquire ODP Corp. s consumer business for $1.0 billion or $18.27 per share in cash. ODP s consumer business includes the Office Depot and OfficeMax retail stores business, the direct channel business (officedepot.com), and the Office Depot and OfficeMax intellectual property, including all brand names. In a letter sent to the Board of Directors of ODP, staples said the cash consideration of approximately $18.27 per common share represents approximately 43% of the 30 day average closing share price for the Company of $43.21 as of June 2, 2021.

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Staples Offers $1B for Office Depot s Consumer Unit in New Bid

Staples Offers $1B for Office Depot s Consumer Unit in New Bid
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