NEW YORK, NY / ACCESSWIRE / December 20, 2018 / WeissLaw LLP announced that it has filed a class action on behalf of shareholders of Essendant Inc. ("ESND") (ESND) seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed acquisition of ESND by Staples, Inc. ("Staples") (the "Proposed Transaction"). The class action was commenced in the United States District Court for the District of Delaware, Nguyen v. Essendant Inc., 18-cv-01546-MN, on behalf of all persons or entities that had purchased or otherwise acquired ESND shares as of September 14, 2018, and continue to hold shares of ESND (the "Class Period").
If you own ESND shares and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact:
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On September 14, 2018, ESND and Staples issued a joint press release announcing that they had entered into an Agreement and Plan of Merger pursuant to which ESND shareholders will be entitled to receive $12.80 in cash for each ESND common share held.
The complaint seeks injunctive and other relief on behalf of the named plaintiff and all ESND shareholders, and alleges that in an attempt to secure shareholder approval for the merger, the defendants filed a materially incomplete and misleading Solicitation/Recommendation Statement on Schedule 14D-9 with the Securities and Exchange Commission in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to ESND shareholders' ability to make an informed decision whether to tender their shares in favor of the Proposed Transaction. The plaintiff is represented by WeissLaw, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.
If you wish to serve as lead plaintiff, you must move theCourt no later than sixty (60) days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Joshua M. Rubin of WeissLaw at 888.593.4771, or by e-mail at email@example.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions, recovering over a billion dollars for clients. If you have information or would like legal advice concerning possible corporate wrongdoing please email us at firstname.lastname@example.org.
SOURCE: WeissLaw LLP