$690,000,000 (looks better when you write out). Would be nice to get a one time dividend. Will be poo-poo'd in current quarter results as a special condition and stock market will treat it as such with no reflection on the actual sales and profits. We should see a short term bump in stock price (remember when ODP was $40 a share, not this time). Obviously any bump in overall stock market will take its toll.
They really sold that unit below market value plus they immediately lose the profits and dividends that it brings in every quarter. They sold that for 690mil with after tax of 500 million which means after they pay off BC Partners there is nothing left. The crown jewel is gone and so is the company.
When the merger hits its going to be one massive consolidation and big layoffs.