odp corp shares fell 14 to 3020 after the business services and supplies company said it wont divest or separate its consumer business odps board in january delayed an announced separation to evaluate a potential sale of its consumer business odp said it completed a review of public and private nonbinding proposals it received to buy its consumer business which includes the office depot and officemax retail stores business and its direct channel business officedepotcom the companys board unanimously determined it would be in the best interests of the company and shareholders to not divest the consumer business at this time odp said odp also said its board decided against resuming a potential public company separation and would instead maintain all of its businesses under common ownership given current market and macroeconomic conditions as well as the benefits of maintaining purchasing and supply chain synergies the board has determined that now is not the right time to further pursue separating the company into two independent publicly traded companies odps board chairman joseph vassalluzzo said however the completion of our internal reorganization will make such a potential separation substantially simpler should the company determine to resume the separation process following a change of market conditions in the future mr vassalluzzo said in may 2021 odps board approved a plan to separate odp into two independent publiclytraded companies the following november usr parent the parent company of staples reaffirmed its nonbinding proposal to acquire the consumer business in december 2021 odps board received a nonbinding proposal from a third party to acquire the consumer business odp said tuesday that it recently completed realigning its operations under its holding company structure into its businesstoconsumer business and three businesstobusiness business and digital segments these include office depot llc odp business solutions llc veyer llc a supply chain distribution procurement and global sourcing operation and varis llc its b2b digital platform technology business our operating flexibility and balance sheet currently have us well positioned to continue delivering strong results against a macroeconomic backdrop that remains challenged by inflation and supply chain constraints chief financial officer anthony scaglione said the company guided for second quarter revenue of about 2 billion and adjusted earnings before interest taxes depreciation and amortization of 85 million to 90 million the single analyst estimate on factset was 204 billion in sales the company said it expects 2022 results to be inline with the previous year