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The latest announcement is out from ODP ( (ODP) ).
The ODP Corporation has sold its Varis Division to Arising Ventures, retaining a 19.9% stake, and will fund up to $4 million of Varis expenses through 2025. This move aligns with the company’s strategy to finalize its capital commitment while maintaining an interest in Varis’s future opportunities, with no significant impact on its financial statements.
For a thorough assessment of ODP stock, go to TipRanks’ Stock Analysis page.