Staples commences tender offer for outstanding Essendant shares
| 24 September, 2018
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.