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S.P. Richards

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.

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