Brief: ODP Corp says it sold Varis division to affiliate of Arising Ventures, retains minority interest of 19.9%

ODP

22/10/2024 22:30

Oct 22 (Reuters) - ODP Corp  ODP.O :
    * ODP CORP - SOLD ITS VARIS DIVISION TO AFFILIATE OF ARISING
VENTURES, WHILE RETAINING MINORITY INTEREST OF 19.9% AFTER SALE
    * ODP CORP - TERMS OF SALE DID NOT RESULT IN MATERIALLY
DIFFERENT
IMPACT THAN PREVIOUSLY ESTIMATED ON CO'S FINANCIAL STATEMENTS
    * ODP CORP - WILL FUND UP TO $4 MILLION OF EXPENSES THAT MAY
BE
INCURRED BY VARIS FOLLOWING TRANSACTION DATE UNTIL DECEMBER 31,
2025

Source text for Eikon:  ID:n0001193125-24-241113 
Further company coverage:  ODP.O 

 ((Reuters.Briefs@thomsonreuters.com;))