POTENTIAL DEAL DETAILS
|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
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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