ODP Corporation (The)

NASDAQ:ODP   3:59:58 PM EDT
43.01
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Debt Financing / Related, Divestitures / Spin-offs

ODP Announces Sale Of Its Compucom Unit In Deal Valued Up To $305 Mln

Published: 12/31/2021 21:36 GMT
ODP Corporation (The) (ODP) - The Odp Corporation Announces Sale of Its Compucom Subsidiary in Transaction Valued Up to $305 Million.
Odp Corp - Existing Share Repurchase Authorization Increased by $200 Million.
Odp Corp - Sold Its Compucom Systems Subsidiary to an Affiliate of Variant Equity.
Odp Corp - Transaction Consideration of Up to $305 Million Consists of Mix of Cash, an Interest-bearing Promissory Note, and a Contingent Future Earn Out.