ODP Corporation Merger Clears Antitrust Waiting Period
ODP Corporation has entered into a merger agreement with ACR Ocean Resources LLC, with a subsidiary of ACR merging into ODP, which will become a wholly owned subsidiary. A key regulatory waiting period has expired, indicating progress towards completion, but the merger still requires approval from ODP’s common stockholders and other customary conditions.
The ODP Corporation disclosed that it has entered into a merger agreement with ACR Ocean Resources LLC, an entity affiliated with investment funds managed by Atlas Holdings LLC. Under the terms of the agreement, a subsidiary of ACR Ocean Resources will merge with and into The ODP Corporation, with ODP continuing as the surviving entity and becoming a wholly owned subsidiary of ACR Ocean Resources. The company announced that a key regulatory waiting period has expired, marking progress toward the completion of the transaction. The closing remains subject to approval by a majority of ODP’s outstanding common stockholders and other customary closing conditions. 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: 0001193125-25-271041), on November 07, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
