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Essendant (ESND) approached by Staples and Genuine Parts Company (GPC)

  • May 17, 2018


StockEssendant Inc.SymbolESND
Date Announced05/16/2018Source Press release
TypeUnsolicited BidAcquiring Company/Person Staples, Inc.
Date of Confirmation: 09/14/2018Price 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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