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.
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