ODP, the parent company of Office Depot and OfficeMax, is being acquired for around $842 million by an affiliate of private equity firm Atlas Holdings.
00:00ODP, the parent company of Office Depot and Office Max, is being acquired for around $842 million by an affiliate of private equity firm Atlas Holdings.
00:10The deal will take ODP private, following years of strategic shifts away from retail and toward business-to-business services.
00:17Atlas, which raised $6.45 billion to invest in underperforming companies, aims to revitalize the struggling office supply brand.
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