ODP Sells Majority of Varis Division to Arising Ventures Affiliate

Dow Jones

2024-10-23

By Paul Ziobro

ODP Corp. has sold most of its Varis Division, a business-to-business procurement marketplace, to an affiliate of Arising Ventures.

ODP, the parent of Office Depot and OfficeMax, is retaining a 19.9% stake in Varis after the sale, the company said in a Securities and Exchange Commission filing Tuesday.

Under terms of the agreement, ODP will fund up to $4 million of expenses that may be incurred by Varis following the transaction date until Dec. 31, 2025.

ODP said that the deal aligns with its goal of finalizing its capital commitment to Varis while retaining an invested interested in future opportunities.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

October 22, 2024 17:15 ET (21:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2477988399"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2477988399\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2477988399?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-23 05:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477988399","market":"sh","top_or_hot":-1,"title":"ODP Sells Majority of Varis Division to Arising Ventures Affiliate","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Paul Ziobro \n</p>\n<pre>\n \n</pre>\n<p>\n  ODP Corp. has sold most of its Varis Division, a business-to-business procurement marketplace, to an affiliate of Arising Ventures. \n</p>\n<p>\n  ODP, the parent of Office Depot and OfficeMax, is retaining a 19.9% stake in Varis after the sale, the company said in a Securities and Exchange Commission filing Tuesday. \n</p>\n<p>\n  Under terms of the agreement, ODP will fund up to $4 million of expenses that may be incurred by Varis following the transaction date until Dec. 31, 2025. \n</p>\n<p>\n  ODP said that the deal aligns with its goal of finalizing its capital commitment to Varis while retaining an invested interested in future opportunities. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 17:15 ET (21:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ODP Sells Majority of Varis Division to Arising Ventures Affiliate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nODP Sells Majority of Varis Division to Arising Ventures Affiliate\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-10-23 05:15</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Paul Ziobro \n</p>\n<pre>\n \n</pre>\n<p>\n  ODP Corp. has sold most of its Varis Division, a business-to-business procurement marketplace, to an affiliate of Arising Ventures. \n</p>\n<p>\n  ODP, the parent of Office Depot and OfficeMax, is retaining a 19.9% stake in Varis after the sale, the company said in a Securities and Exchange Commission filing Tuesday. \n</p>\n<p>\n  Under terms of the agreement, ODP will fund up to $4 million of expenses that may be incurred by Varis following the transaction date until Dec. 31, 2025. \n</p>\n<p>\n  ODP said that the deal aligns with its goal of finalizing its capital commitment to Varis while retaining an invested interested in future opportunities. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 17:15 ET (21:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4200","symbol_name":"專賣店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477988399","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477988399","pubTimestamp":1729631700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"ODP Corp. has sold most of its Varis Division, a business-to-business procurement marketplace, to an affiliate of Arising Ventures.ODP, the parent of Office Depot and OfficeMax, is retaining a 19.9% stake in Varis after the sale, the company said in a Securities and Exchange Commission filing Tuesday.Under terms of the agreement, ODP will fund up to $4 million of expenses that may be incurred by Varis following the transaction date until Dec. 31, 2025.ODP said that the deal aligns with its goal of finalizing its capital commitment to Varis while retaining an invested interested in future opportunities.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4200":"专卖店","ODP":"欧迪办公"},"translate_title":"ODP将Varis部门的大部分股份出售给Arising Ventures附属公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ODP":1},"content_text":"By Paul Ziobro \n\n\n \n\n\n  ODP Corp. has sold most of its Varis Division, a business-to-business procurement marketplace, to an affiliate of Arising Ventures. \n\n\n  ODP, the parent of Office Depot and OfficeMax, is retaining a 19.9% stake in Varis after the sale, the company said in a Securities and Exchange Commission filing Tuesday. \n\n\n  Under terms of the agreement, ODP will fund up to $4 million of expenses that may be incurred by Varis following the transaction date until Dec. 31, 2025. \n\n\n  ODP said that the deal aligns with its goal of finalizing its capital commitment to Varis while retaining an invested interested in future opportunities. \n\n\n \n\n\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 22, 2024 17:15 ET (21:15 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}