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Suppliers

Essendant favours Staples over S.P. Richards

September 11, 2018

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 Proposal”, as defined in its previously-announced merger agreement with S.P. Richards of April this year. Essendant […]

Share collapse after ADVEO acquisition talk

September 10, 2018

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 Bolsamania, and is anticipating a “significant” dilution for current shareholders. They have presented the offer to […]

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