ODP Corporation has entered into an agreement under which it will be acquired by ACR Ocean Resources LLC, an entity affiliated with investment funds managed by Atlas Holdings LLC. According to the company, the merger will see ODP continue as the surviving corporation and become a wholly owned subsidiary of ACR Ocean Resources. The agreement also involves the merger of Vail Holdings 1, Inc., a wholly owned subsidiary of ACR Ocean Resources, with and into ODP Corporation. The latest update includes supplemental disclosures to the proxy statement, providing additional information about the transaction background and the financial analysis used in evaluating the deal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ODP Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-291612), on November 21, 2025, and is solely responsible for the information contained therein.