The Office Times

Staples commences tender offer for outstanding Essendant shares

Staples and Essendant announced that an affiliate of Staples has commenced the tender offer for all outstanding shares of Essendant's common stock.

On September 14, 2018, Essendant entered into a definitive merger agreement with Staples. Essendant is filing with the SEC a recommendation of Essendant's Board of Directors that Essendant's stockholders accept the tender offer.

The completion of the tender offer is conditioned upon, among other things, satisfaction of a minimum tender condition and expiration or termination of any waiting period.