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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.
FRAMINGHAM, Mass. and DEERFIELD, Ill., Jan. 31, 2019 /PRNewswire/ -- Staples, Inc. ("Staples") and Essendant Inc. (ESND) ("Essendant") today announced the successful completion of the previously announced tender offer by Egg Merger Sub Inc. ("Egg Merger Sub") and Egg Parent Inc. ("Egg Parent"), affiliates of Staples, to acquire all outstanding shares of Essendant common stock at a purchase price of $12.80 per share, net to the seller in cash, without interest, subject to any deduction or withholding of taxes required by applicable law.
NEW YORK , Jan. 29, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Monday, February 4 : ...
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 ...
FRAMINGHAM, Mass. and DEERFIELD, Ill., Jan. 24, 2019 /PRNewswire/ -- Staples, Inc. ("Staples") and Essendant Inc. (ESND) ("Essendant") today announced that, pursuant to the Merger Agreement (as defined below), Egg Merger Sub Inc. ("Egg Merger Sub") and Egg Parent Inc. ("Egg Parent"), affiliates of Staples, have extended the expiration time of the previously announced tender offer for all outstanding shares of Essendant's common stock to 6:00 p.m., New York City time, on January 30, 2019, unless the tender offer is further extended in accordance with the Agreement and Plan of Merger, dated as of September 14, 2018, by and among Essendant, Staples, Egg Parent and Egg Merger Sub (the "Merger Agreement"). The tender offer was previously scheduled to expire at 6:00 p.m., New York City time, on January 23, 2019. The tender offer is being made pursuant to the Merger Agreement.
NEW YORK, Jan. 04, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
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").
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.
NEW YORK, Nov. 26, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
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 ...
DEERFIELD, Ill. , Oct. 25, 2018 /PRNewswire/ -- Essendant Inc. (NASDAQ: ESND), a leading national distributor of workplace items, today announced financial results for the third quarter ended September ...