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Staples Acquires Essendant

February 1, 2019

Office products company Staples, Inc. has successfully completed its tender offer for outstanding shares of Essendant, a wholesale distributor of workplace products.

The acquisition, valued at US$996 million including debt, was announced in September 2018. Per the terms of the acquisition, Staples will pay $12.80 per share of Essendant, which represents a 51 percent premium on the shares’ value as of April 11, 2018.

 


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