12.81 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||12.77 x 800|
|Ask||17.00 x 1000|
|Day's Range||12.78 - 12.95|
|52 Week Range||7.20 - 17.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||0.56 (4.37%)|
|1y Target Est||12.00|
FRAMINGHAM, Mass. and DEERFIELD, Ill., Sept. 24, 2018 /PRNewswire/ -- Staples, Inc. and Essendant Inc. (ESND) today announced that an affiliate of Staples has commenced the previously announced tender offer for all outstanding shares of Essendant's common stock at a purchase price of $12.80 per share, net to the seller in cash, subject to reduction for any applicable withholding taxes in respect thereof, without interest. On September 14, 2018, Essendant entered into a definitive merger agreement with Staples and its affiliates Egg Parent Inc. and Egg Merger Sub Inc., pursuant to which the tender offer is being made.
NEW YORK, Sept. 21, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following ...
NEW YORK, NY / ACCESSWIRE / September 20, 2018 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New ...
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Essendant Inc. (“Essendant” or the “Company”) (NASDAQ GS: ESND) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an affiliate of Staples, Inc. (“Staples”) in a transaction valued at approximately $996 million. If you own common stock of Essendant and purchased any shares before September 14, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at firstname.lastname@example.org.
NEW YORK, Sept. 17, 2018-- Bragar Eagel & Squire, P.C. is investigating potential claims against Essendant Inc. on behalf of stockholders concerning the proposed acquisition of the company by Staples Inc.. ...
NEW YORK , Sept. 17, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York ...
Staples Inc. has agreed to acquire office-supplies company Essendant Inc. in a deal worth $482.7 million in cash, a combination that would strengthen one of the world’s largest office-solutions providers. After previously resisting overtures from Staples, Essendant said Monday that a sweetened offer from the office-supplies retailer of $12.80 a share was superior to the one it had pending with Genuine Parts Co. Genuine Parts, a supplier of automotive parts as well as office products, had three days to change its offer, but said Monday it wouldn’t make a new offer and expected the deal agreement to end.
NEW YORK , Sept. 14, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Essendant, Inc. (NASDAQ: ESND) and its board of directors for breach of fiduciary duty concerning the ...
Massachusetts-based Staples, said it's paying $12.80 per share in cash for Essendant, including assuming the Deerfield company's net debt.
NEW YORK, Sept. 14, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. To: All Persons or Entities who purchased Essendant Inc. stock prior to September 14, 2018. You are hereby ...
The transaction follows the determination by Essendant's Board of Directors, after consultation with Essendant's legal and financial advisors, that the Staples proposal constituted a "Superior Proposal" as defined in Essendant's previously announced merger agreement to combine with Genuine Parts Company's (GPC) ("GPC") S.P. Richards business (the "S.P. Richards agreement"). Consistent with that determination, and following the expiration of the three-day waiting period during which GPC did not propose any amendments to the S.P. Richards agreement, Essendant terminated that agreement. In connection with the termination, GPC is entitled to a $12 million break-up fee, which Staples is paying as part of its agreement with Essendant. "We are excited about the opportunity to move forward with this agreement, and to work with the Essendant team to complete the partnership of these two great companies, which will ultimately deliver significant value to independent resellers and end customers across the U.S.," Staples said.
NEW YORK, Sept. 13, 2018-- As Essendant’ s largest shareholder, Pzena Investment Management believes that the proposal from Staples to acquire Essendant at $12.80 a share does not constitute a superior ...
Genuine Parts (GPC) receives an agreement termination notice from Essendant. After a three-day match period, the merger agreement is going to end.
Staples Inc. has emerged as the leading candidate to acquire Essendant Inc. after Genuine Parts Co. said Monday it wouldn’t make a counteroffer for the office supplies company. Essendant agreed in April to combine with Genuine Parts’ S.P. Richards business. Essendant announced Monday morning, however, that it would end its agreement with Genuine Parts and pursue a deal with Staples, which Essendant’s board said was a superior offer.
Genuine Parts said it does not plan to make a counter-proposal and that Essendant will owe a termination fee of $12 million.
ATLANTA, Sept. 10, 2018 /PRNewswire/ -- Genuine Parts Company (GPC) ("GPC") today announced that it has received notice from Essendant (ESND) of its intent to terminate the merger agreement to combine GPC's S.P. Richards business with Essendant, entered into on April 12, 2018 (the "Merger Agreement").
DEERFIELD, Ill., Sept. 10, 2018 /PRNewswire/ -- Essendant, Inc. (ESND) today announced that its Board of Directors, after consultation with Essendant's legal and financial advisors, has determined that the proposal from Staples, Inc. ("Staples") to acquire all of the outstanding shares of Essendant common stock for $12.80 per share in cash (the "Staples proposal") constitutes a "Superior Proposal" as defined in Essendant's previously announced merger agreement with Genuine Parts Company (GPC) ("GPC"). Staples previously submitted an unsolicited offer on April 17, 2018, which it reaffirmed on September 4, 2018, to acquire all of the outstanding shares of Essendant common stock for $11.50 per share in cash.
Essendant has resisted unsolicited buyout interest from Staples and the chain’s private-equity backer Sycamore Partners, which was disclosed in a May securities filing.
DEERFIELD, Ill., Sept. 5, 2018 /PRNewswire/ -- Essendant, Inc. (ESND) today acknowledged receipt of a letter from Staples, Inc., including Staples' reiteration of its proposal to acquire Essendant for $11.50 per share in cash. The Essendant Board of Directors, in consultation with its legal and financial advisors and consistent with its fiduciary duties, is reviewing the letter and other materials filed earlier by Staples with the Securities and Exchange Commission. As previously announced, Essendant and Genuine Parts Company (GPC) ("GPC") entered into a definitive merger agreement on April 12, 2018, in which Essendant agreed to combine with GPC's S.P. Richards business.
In April, Essendant agreed to combine with the S.P. Richards business of Genuine Parts. In response to a letter filed by Staples last month, Essendant said Staples had not submitted a proposal “the board can act upon.” It said it would stand by its deal with S.P. Richards, saying that the combined company would bring together firms with complementary strengths that have greater scale and customer support.
Essendant Inc. is standing by its deal to combine with Genuine Parts Co.’s S.P. Richards business following a Monday filing by Staples Inc., which has been pursuing an unsolicited bid for Essendant. In charts discussing Essendant’s stock price and financial projections, Staples called S.
DEERFIELD, Ill., Aug. 13, 2018 /PRNewswire/ -- Essendant, Inc. (ESND) today issued the following comment in response to Staples Inc.'s ("Staples") letter to the company and subsequent Form 13D/A filed publicly with the Securities and Exchange Commission ("SEC") on August 13, 2018. Essendant's second quarter performance demonstrates that the company's actions to evolve its business and support customers in the face of a rapidly changing landscape are producing results. The Essendant Board and management team are confident that bringing together the complementary strengths of Essendant and S.P. Richards will accelerate those efforts by creating a combined company with greater scale, expanded service capabilities and an enhanced ability to help customers compete while delivering compelling value to stockholders.
After Staples and private-equity backer Sycamore Partners launched an unsolicited approach to buy Essendant in April, Essendant has maintained its support for an existing deal to combine with Genuine Parts ...