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In The News:

Essendant (United Stationers)


Delaware Court Denies Essendant Motion in Dispute with GPC

In denying Essendant’s motion, the court sided with GPC in its contention that Essendant failed to meet its contractual obligations.
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Staples completes offer for Essendant

Staples’ parent company completes tender offer, merger of Staples and Essendant expected to close January 31.
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Staples, Essendant Extend Merger Terms

Companies extend tender offer for all outstanding shares of Essendant to December 26.
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Essendant’s Q3 Sales Down 1.2%

Distributor says merger with Staples expected to close in the fourth quarter.
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Staples to Acquire Essendant

Essendant terminates previous agreement with Genuine Parts Co.; Staples to acquire wholesale distributor for $12.80 per share in cash.
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S.P. Richards/Essendant Merger Agreement to Terminate

GPC says it will make no counter proposals following Essendant’s notice that it received a better offer from Staples, Inc.
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Essendant Says Staples Offer Better than S.P. Richards Deal

Battle over office supplies wholesaler escalates.
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Staples Reiterates Proposal to Acquire Essendant

Essendant acknowledges latest correspondence from Staples, but says merger agreement to combine with S.P. Richards remains in place.
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Essendant’s Sales Down in Q2

Quarterly revenues fall 0.5 percent to $1.3 billion.
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Essendant Offers Update on Proposed S.P. Richards Merger

Company says merger proposal with GPC’s S.P. Richards business remains in effect, despite unsolicited offer from Staples, Inc.
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