Staples’ years-long pursuit of Office Depot may be inching closer to becoming a reality.
ODP Corp., parent of Office Depot, said its board has approved a plan to split the company into two publicly traded companies. ODP said the split would allow the two companies to focus on their respective areas of expertise while also unlocking shareholder value.
Under the plan, ODP will retain its retail consumer and small-business products and services division, which includes some 1,100 Office Depot and OfficeMax stores and e-commerce site.
Source: Chain Storeage
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