by Owen Collins | Sep 14, 2018 | World Focus
One of Essendant’s largest shareholders, Pzena Investment Management, has condemned the proposed takeover by the office supply giant. The Illinois-based company’s Board gave its blessing to the Staples bid earlier this week, classifiying it as a “superior proposal” to...
by Owen Collins | Sep 11, 2018 | City News
The company’s Board has determined the office supplier’s offer a “superior proposal” to that of S.P. Richards. The Illinois supplier has announced that its Board of Directors, after consultation, has determined the acquisition proposal from Staples is a “Superior...
by Owen Collins | Sep 10, 2018 | City News
The company’s bonds fell by more than 57 percent in the Continuous Market, after an international industrial investor made a non-binding offer to purchase the group’s debts. The as-yet-anonymous investor is seeking to acquire the debt for capitalisation, reports...
by Owen Collins | Aug 29, 2018 | City News
The Italian company has taken over Bensheim-based gebos GmbH, following a long period of cooperation. The capital-based alliance comes after many years of “intensive and confident cooperation” between the two companies, and is effective as of July. gebos has been...
by Owen Collins | Aug 22, 2018 | Around the Industry
Having missed out on the acquisition of Office Depot, Staples has now set its sights on the purchase of Illinois office supplier Essendant. According to the Boston Globe, the Director of Staples, Stefan Kaluzny, has this week “increased the pressure” on Essendant, and...
