ODP Corporation held a special meeting of stockholders on December 5, 2025. At the meeting, stockholders approved the adoption of the Agreement and Plan of Merger, under which ODP Corporation will become a wholly owned subsidiary of ACR Ocean Resources LLC. In addition, the proposal to adjourn the special meeting, if necessary, was not submitted for a vote, as approval of the merger agreement was achieved. The closing of the merger is expected to occur on December 10, 2025, after which ODP Corporation's common stock will be delisted from the Nasdaq Global Select Market.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ODP Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-309960), on December 05, 2025, and is solely responsible for the information contained therein.
Comments