Office Depot Delays Spinoff To Mull 2 Bids For Consumer Biz

By Benjamin Horney (January 14, 2022, 1:22 PM EST) -- The parent of Office Depot and OfficeMax said Friday that it is hitting the pause button on plans to separate into two publicly traded entities as it mulls multiple offers for its consumer business, including one valued at $1 billion from private equity-backed peer Staples.

ODP Corp. announced last May that it would separate into two entities via a spinoff, with one business that would focus on retail consumer and small-business services through Office Depot and OfficeMax locations, and another focused on a digital platform to provide business-to-business solutions to small, medium and enterprise-level companies. At the time, Boca Raton, Florida-based...

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