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 […]
