GPC
Staples’ Essendant acquisition confirmed
September 17, 2018
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 (€854 million). Essendant’s Board of Directors had judged Staples’ bid to be the […]
Doubts emerge as Pzena vetoes Staples
September 14, 2018
One of Essendant’s largest shareholders, Pzena Investment Management, has condemned the proposed takeover by the office supply giant.
