Consumer

Office Depot Owner to Be Taken Private for About $1 Billion

A customer exits an Office Depot Inc. store in Los Gatos, California.
Photographer: David Paul Morris/Bloomberg

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By Uma Bhat

September 22, 2025 at 12:17 PM UTC

Updated on

September 22, 2025 at 1:46 PM UTC

ODP Corp., owner of the Office Depot retail chain, is being acquired by private equity firm Atlas Holdings for about $1 billion.

Atlas is paying $28 a share for ODP, according to a statement on Monday. That represents a 34% premium to ODP’s closing price on Friday. The stock surged as much as 34% in New York trading on Monday to $27.81.