ODP Corp., parent of the retailers Office Depot and OfficeMax and a long-time fixture of Palm Beach County’s corporate community, has agreed to be sold to a private equity firm in an all-cash deal valued at nearly $1 billion, the companies announced Monday.

The buyer is an affiliate of Atlas Holdings of Greenwich, Conn., which owns an array of 29 manufacturing and distribution businesses worldwide.

Stockholders of the Boca Raton-based company would receive $28 a share from the transaction, which is expected to close toward the end of this year. Once complete, ODP would become a private company and its common stock would no longer be traded on the NASDAQ exchange. The companies said the purchase price represents a 34% premium against last Friday’s closing stock price.

After the announcem

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