|Bid||29.42 x 1400|
|Ask||33.40 x 800|
|Day's Range||29.79 - 31.36|
|52 Week Range||28.85 - 50.29|
|Beta (5Y Monthly)||1.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 02, 2022 - Aug 08, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||50.00|
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Staples still had a $1 billion non-binding offer to buy Office Depot, OfficeMax and OfficeDepot.com.
Shares of ODP (NASDAQ: ODP) were plunging 14% at 11:13 a.m. ET today after the office supplies retailer announced that on second thought, it was going to keep its consumer retail business. Best known as the owner of the Office Depot and OfficeMax chains, ODP had been planning to spin off the retail unit into a separately traded company, but then put the idea on hold earlier this year after receiving bids of as much as $1 billion for the unit. This morning, though, ODP said its board of directors completed its strategic review and decided that after considering all the options, including proposals from potential buyers, it decided to hang on to the consumer business after all.
ODP Corp. said Tuesday that it will not sell its consumer business after all, and will instead hold on to it under common ownership with its other business units. ODP recently completed the transformation to a holding company structure with four business units: Office Depot LLC, which operates 1,000 Office Depot and OfficeMax retail locations and an e-commerce arm; ODP Business Solutions LLC; Veyer LLC, a supply chain, distribution, procurement and global sourcing business; and Varis LLC, a B2B