USR Parent, Inc. made an offer to acquire The ODP Corporation (NasdaqGS:ODP) for $2.1 billion on January 11, 2021. USR Parent, Inc. has sufficient resources to finance the transaction. The transaction is subject to antitrust approval from FTC and Canadian Competition Bureau. As of January 19, 2021, the Board of Directors of The ODP Corporation are in view to explore other bidders as well and are in an option to have deal of ODP’s retail and consumer-facing ecommerce operations or any joint venture with staples. Simpson Thacher & Bartlett LLP and Goldman Sachs & Co. LLC are acting as legal and financial advisor to The ODP Corporation, respectively. Sean D. Rodgers and David B. Feirstein of Kirkland & Ellis LLP acted as legal advisors to USR Parent, Inc.