OT-Office Depot being purchased by a private equity firm
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With unanimous board approval, The ODP Corporation has entered into an agreement to be bought by an affiliate of Atlas Holdings for $28 per share in cash, per a Monday press release. The deal is expected to close by the end of 2025, pending regulatory and shareholder approvals.
Will there be changes
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@penguin110 Will there be changes - is also what I like to know.
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If anyone is bored, check out the OD/OM subreddit to see what the employees might be saying. In fact, check out any of the big retailers’ subreddits, Lowe’s, Home Depot, Staples, etc. Life in retail isn’t fun to say the least.
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@rick505 I’ve told staff at my local stores that I shop B&M to help their stores’ sales figures. They are always appreciative.
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@rick505 said in OT-Office Depot being purchased by a private equity firm:
If anyone is bored, check out the OD/OM subreddit to see what the employees might be saying. In fact, check out any of the big retailers’ subreddits, Lowe’s, Home Depot, Staples, etc. Life in retail isn’t fun to say the least.
Link? I don’t use Reddit so not familiar. Googled “od/om subreddit” but couldn’t find it.
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My closest store is closing. Total surprise as their landlord said you’re out. It was the best of the 3 stores within a 100 mile radius of me. The prices at the going out of business sale were higher than the other store I had stopped by earlier in the day for lots of the little things. I regretted waiting to blow my rewards at that store.
