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S.P. Richards

Staples’ Essendant acquisition confirmed

Staples’ Essendant acquisition confirmed

September 17, 2018

Despite the prospect of a last minute hitch, Staples’ takeover of the Illinois-based office supplier has been officially confirmed. Under the terms of the deal, Staples will acquire all of the outstanding shares of Essendant, in a transaction worth around $996 million (€854 million). Essendant’s Board of Directors had judged Staples’ bid to be the […]

Doubts emerge as Pzena vetoes Staples

Doubts emerge as Pzena vetoes Staples

September 14, 2018

One of Essendant’s largest shareholders, Pzena Investment Management, has condemned the proposed takeover by the office supply giant.

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