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Essendant favours Staples over S.P. Richards

Essendant favours Staples over S.P. Richards

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...
Staples appeals to Essendant shareholders

Staples appeals to Essendant shareholders

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...
Staples eyes up Essendant Inc.

Staples eyes up Essendant Inc.

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...
Staples appeals to Essendant shareholders

Another three Staples to close

Another trio of branches of the beleaguered office retail giant have announced they are to bring down the shutters for the final time. The Verona Road branch in Madison, Wisconsin, will close for good on August the 3rd, according to Channel 3000, whilst the outlet at...