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1. investor.theodpcorp.com › news-releases › newsThe ODP Corporation Responds to Proposal by Sycamore Partners ...

   investor.theodpcorp.com › news-releases › news

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   Mar 10, 2021 · ODP would sell to Staples at an unspecified price its retail and consumer-facing ecommerce operations, its B2B-related assets of Grand & Toy (its Canadian subsidiary which has no retail stores), the Federation companies (which have no retail stores), and all U.S. distribution centers, as well as ODP’s global corporate headquarters;

2. finance.yahoo.com › news › odp-turns-down-stapesODP Turns Down Stapes Buyout Offer, Proposes Alternative Plan

   finance.yahoo.com › news › odp-turns-down-stapes

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   Jan 20, 2021 · The ODP Corporation ODP in a letter to Sycamore Partners — owner of Staples — has turned down the buyout offer citing regulatory hurdles, and instead proposed for another alternative plan....

3. www.businesswire.com › news › homeThe ODP Corporation Outlines Path Forward for Value Creation ...

   www.businesswire.com › news › home

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   Jan 19, 2021 · Reaffirms Focus on B2B Operations and Other Growth Initiatives to Accelerate Value Creation. Notes That Sycamore’s Proposal Does Not Adequately Address Regulatory Risk to Office Depot...

4. www.retaildive.com › news › office-depot-turns-downStaples makes a $1B bid for Office Depot's retail business

   www.retaildive.com › news › office-depot-turns-down

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   Jan 19, 2021 · Office Depot on Tuesday turned down Sycamore-owned Staples’ $2.1 billion acquisition offer from last week, but Office Depot Chair Joseph Vassalluzzo did outline ways the two might combine...

5. www.nasdaq.com › articles › staples-offers-to-buyStaples Offers to Buy The ODP Corporation's (ODP) Consumer Unit

   www.nasdaq.com › articles › staples-offers-to-buy

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   Jun 7, 2021 · The ODP Corporation ODP received a proposal from USR Parent Inc. — the Sycamore-affiliated owner of Staples — to acquire its consumer business for $1 billion in cash. Markedly, The ODP ...

6. www.pymnts.com › news › retailOffice Depot Parent To Split B2B From Retail - PYMNTS.com

   www.pymnts.com › news › retail

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   May 5, 2021 · The news comes as Sycamore Partners-backed Staples has been looking to buy Office Depot. An offer it made earlier this year was reportedly blocked by the ODP Corporation on antitrust concerns.

7. People also ask

   Will sycamore and Staples sell off ODP's B2B unit?

   • In the original offer, Sycamore and Staples indicated they would sell off ODP’s B2B unit but had not identified a buyer. While the targeted company said it would review the new offer, Staples reiterated its willingness to go around the board with an offer direct to shareholders — a hostile takeover in Wall Street parlance.

   Staples Inc. parts with CEO as owner Sycamore Partners plots Office

   www.retaildive.com/news/staples-inc-parts-with-ceo-as-owner-sycamore-partners-plots-office-depot-t/601980/

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   Will Staples buy the ODP Corporation?

   • The ODP Corporation ODP received a proposal from USR Parent Inc. — the Sycamore-affiliated owner of Staples — to acquire its consumer business for $1 billion in cash. Markedly, The ODP Corporation’s moves to split its business have not dissuaded Staples from its pursuit to acquire the company’s said operations.

   Staples Offers to Buy The ODP Corporation's (ODP) Consumer

   www.nasdaq.com/articles/staples-offers-to-buy-the-odp-corporations-odp-consumer-unit-2021-06-07

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   Did Sycamore Partners buy staples?

   • In January 2021, venture capitalist Stefan Kaluzny, managing director of new York-based Sycamore Partners, made an offer to buy ODP Corp. for $2.1 billion. Since 2017, Sycamore Partners has owned USR Parent Inc., the parent company of Framingham, Massachusetts-based Staples, a retailer with 1,000 office supply stores nationwide.

   ODP Corp. won't sell its consumer business or split apart

   www.bizjournals.com/southflorida/news/2022/06/21/odp-corp-rejects-buyout-offers.html

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   Will Staples divest ODP's B2B business?

   • Staples is prepared to sell ODP’s B2B Business to a FTC approved and qualified buyer concurrently with the closing of the overall transaction, thereby satisfying any reasonably anticipated regulatory objections.

   Examples of financing contingency clauses in contracts | Afterpattern

   afterpattern.com/clauses/financing-contingency

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   Why did Office Depot decide to split its B2B unit?

   • Office Depot's parent company announced on May 5 that it will split its B2B unit from its 1,100 retail stores to create two independent publicly traded businesses. This move aims to allow each business to focus on its area of expertise and unlock shareholder value.

   Office Depot Parent To Split B2B From Retail | PYMNTS.com

   www.pymnts.com/news/retail/2021/office-depot-parent-odp-to-split-b2b-from-retail/

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   Is Office Depot a public company?

   • Office Depot and its B2B unit, temporarily named 'NewCo', are both public companies. The move to separate the B2B unit is aimed at maximizing strategic focus and financial flexibility while allowing for better alignment of the two companies' marketing strategies.

   Office Depot Parent To Split B2B From Retail | PYMNTS.com

   www.pymnts.com/news/retail/2021/office-depot-parent-odp-to-split-b2b-from-retail/

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8. investor.officedepot.com › news-releases › newsThe ODP Corporation Confirms Receipt of Staples Proposal to ...

   investor.officedepot.com › news-releases › news

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   Jun 4, 2021 · ODP’s Board of Directors is carefully reviewing Staples’ proposal with the assistance of its financial and legal advisors to determine the course of action that it believes is in the best interests of the Company and its shareholders.