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New Deal


Announced

ODP terminated its spin-off of Grand & Toy and its business solutions division.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Canada

Acquisition

Spin Off

Specialty Retailers

Single Bidder

office supplies

Majority

Friendly

Cross Border

Private Equity

Failed

Public

Synopsis

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ODP, a company providing business services, products, and digital workplace technology solutions, terminated its spin-off of Grand & Toy, a Canadian office supplies retailer, and its business solutions division. The company's board unanimously determined it would be in the best interests of the company and shareholders not to divest the consumer business at this time, ODP said.

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