by stefanie | Oct 4, 2018 | Around the Industry
Following Rowley Law PLLC’s announcement that it was investigating potential claims against Essendant, the company’s shareholders have now filed a complaint against it. In legal documents viewed by The Recycler, Essendant shareholder Joseph Pietras has brought a class...
by Owen Collins | Sep 17, 2018 | City News
Despite the prospect of a last minute hitch, Staples’ takeover of the Illinois-based office supplier has been officially confirmed. Under the terms of the deal, Staples will acquire all of the outstanding shares of Essendant, in a transaction worth around $996 million...
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 6, 2018 | City News
The office supply company has filed a preliminary proxy statement urging Essendant’s shareholders to vote down a proposed merger with S.P. Richards Co. According to a company statement, the appeal to shareholders comes due to Staples’ belief that “the SPR merger is...
