What happened Shares of The ODP Corporation (NASDAQ: ODP), known primarily for its Office Depot and OfficeMax brands, jumped 16% Monday morning after news surfaced that USR Parent (also known as Staples) offered to buy the office supplies retailer. So what USR Parent presented a plan to buy ODP for $40 per share in a cash offer valued at roughly $2.1 billion. It's the latest attempt to synergize the two large office-supplies retailers, and the offer represents more than an 8% premium to ODP's Friday close, and a substantial 61% premium to its average closing price over the past three months. Image source: Getty Images. Now what The move itself clearly makes sense for ODP investors in terms of value and potential synergy, but there are a couple of things to consider as this potential deal develops. First, Staples previously tried to purchase Office Depot in a larger $6.3 billion deal that was called off in 2016 due to antitrust concerns. It's possible that five years later, especially considering how COVID-19 has accelerated e-commerce, that the deal would more easily deflect antitrust scrutiny. Second, USR Parent could also increase its valuation and offer if ODP would agree to divest certain units, such as its CompuCom segment. The deal makes sense, especially now that the office retail business has seen a slight improvement as COVID-19 required so many Americans to suddenly work from home. And if investors feel the price is right, the 16% pop in stock price today seems justified. 10 stocks we like better than Office DepotWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Office Depot wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source