Tag: Essendant
Sycamore completes Essendant acquisition
Staples Inc has confirmed that an affiliate of its owner Sycamore Partners has completed the acquisition of North American office…
Essendant blames government shutdown for Staples delay
US wholesaler Essendant has updated its staff and customers on the status of its pending acquisition by Staples. In documents…
Analysis: The devil’s in the data
As the Federal Trade Commission (FTC) antitrust investigation into Staples Inc’s acquisition of Essendant nears its conclusion, a key issue…
Mixed quarter for Essendant
US wholesaler Essendant has reported profit improvement in its third quarter results, but the top-line in the office reseller channel…
Staples secures Essendant shares
A potential banana skin in Staples’ attempt to acquire Essendant has been avoided after a majority of Essendant’s shares were…
Genuine Parts sues Essendant
Genuine Parts Company (GPC) has filed a lawsuit against Essendant, accusing the latter of “deceptive conduct and breaches of its…
Hot Topic: Game changers
When Staples and Office Depot decided almost simultaneously in 2016 to sell off their European operations – and their other…
Exclusive: Essendant will remain independent, says Staples CEO
Staples CEO Sandy Douglas has told OPI that the reseller “fully intends” for Essendant to be run independently after it…
Staples begins tender offer for Essendant shares
Staples Inc has announced the commencement of its tender offer for all outstanding shares of Essendant common stock. It’s not…
Top Essendant shareholder opposes Staples offer
Pzena Investment Management, Essendant’s largest shareholder, has said it will not support Staples’ current proposal to acquire the wholesaler. In…
No counterbid for Essendant, says Genuine Parts
Genuine Parts (GPC) has said it intends to let its SP Richards (SPR) merger agreement with Essendant terminate rather than…
Essendant board recognises new offer from Staples
Essendant’s board of directors has deemed that an improved offer from Staples constitutes a “superior proposal” to the proposed transaction…
Category Update: Cleaning up
The biggest change in the jan/san sector over the past year has centred around the continuing digitisation of resellers as…
Award for O’Brien on first day of ABC
Jim O’Brien was a popular recipient of the North American Office Products (NAOPA) Industry Achievement Award during the opening session…
Analysis: Staples ups the ante on Essendant
When Essendant reported its Q2 results at the end of July, it revealed that it had not engaged with Staples…
Staples and Essendant sign NDA
After months of waiting, Staples and Essendant have finally entered into a confidentiality agreement (NDA). Following last week’s news that…
Staples turns the screw on Essendant
Staples has sent Essendant a draft merger agreement after reiterating its previous proposal to acquire the wholesaler for $11.50 per…
Hauck leaves Essendant
Essendant VP Marketing & Digital Michael Hauck has evidently parted ways with the wholesaler.According to Hauck's LinkedIn profile, he has…
Analysis: ACCO benefitting from better balance
ACCO's solid first quarter performance underlines its more balanced international presence resulting from the Pelikan Artline and Esselte acquisitions in…
Analysis: Mega-merger in US wholesale channel
Speculation has been rife in the US since the beginning of 2018 that something 'big' was about to happen at…
Big read
GSA provides e-commerce update
One month before it is due to submit a report to Congress on its federal e-commerce marketplace initiative, the US…