Acquisition
Staples’ acquisition finally approved
January 30, 2019
The long-anticipated acquisition of Essendant by Staples has finally been approved by the U.S. Federal Trade Commission. Earlier this month, it had been announced that the deal had been postponed due to the shutdown of the US federal government, while Staples and Essendant continued to provide tender offer extensions. But now, as Reuters reports, the […]
Staples’ Essendant acquisition stalled
January 21, 2019
Essendant has revealed that the Federal Trade Commission’s final approval of the takeover has been postponed due to the federal government shutdown commencing 22 December 2018. As the Worcester Business Journal reports, Ric Phillips, the President and CEO of Essendant, “said he remains confident that the deal will receive approval and close in the first […]
