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POTENTIAL DEAL DETAILS
| Stock | Essendant Inc. | Symbol | ESND |
| Date Announced | 05/16/2018 | Source | Press release |
| Type | Unsolicited Bid | Acquiring Company/Person | Staples, Inc. |
| Date of Confirmation: | 09/14/2018 | Price at Confirmation: | $12.81 |
| Potential Profit: | 18.61% | Annualized Profit: | 56.14% |
Essendant Inc. (ESND) Confirms Receipt Of Two Proposals: An Unsolicited All-Cash Offer From Staples, Inc. And A Contingent Cash Payment From Genuine Parts Company (GPC) As An Enhancement To The Agreed Upon Merger
Update(s):
September 14, 2018: Staples, Inc. and Essendant Inc. (ESND) today announced that they have entered into a definitive agreement under which an affiliate of Staples, the world’s largest office solutions provider, will acquire all of the outstanding shares of Essendant (ESND) common stock for $12.80 per share in cash, or a transaction value of $996 million including net debt.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.