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Moody's Investors Service ("Moody's") today affirmed Staples, Inc.'s B1 Corporate Family Rating and B1-PD Probability of Default ratings. Moody's also assigned a B1 rating to the company's proposed $3.2 billion seven year senior secured term loan, a B1 rating to its proposed $750 million seven year senior secured notes, and a B3 rating to its proposed $1.375 billion eight year senior unsecured notes.
The U.S. Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc. "Staples, which is ...
Pzena Investment Management leader Richard Pzena (Trades, Portfolio) disclosed on Dec. 14 he trimmed his Essendant Inc. (ESND) stake by 15.10%. Warning! GuruFocus has detected 3 Warning Signs with ESND. According to GuruFocus real-time picks, Pzena sold 589,121 shares of the Illinois-based company for an average price of $12.55 per share.
The Deerfield, Illinois-based company said it had a loss of 12 cents per share. Losses, adjusted for one-time gains and costs, came to 14 cents per share. The workplace supplies distributor posted revenue ...
Genuine Parts is bolstering its investment in last year's blockbuster acquisition with two new purchases in Europe.
Genuine Parts (GPC) receives an agreement termination notice from Essendant. After a three-day match period, the merger agreement is going to end.