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Essendant Inc (ESND.OQ)

ESND.OQ on NASDAQ Stock Exchange Global Select Market

14.42USD
20 Jul 2018
Change (% chg)

$0.00 (+0.00%)
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Volume
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162,052
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$14.80
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Latest Key Developments (Source: Significant Developments)

Genuine Parts Comments On Merger Agreement With Essendant Following Staples' Proposal
Thursday, 17 May 2018 

May 16 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY COMMENTS ON DEFINITIVE MERGER AGREEMENT WITH ESSENDANT FOLLOWING STAPLES' CONDITIONAL, NON-BINDING PROPOSAL TO ACQUIRE ESSENDANT.GENUINE PARTS - "DO NOT BELIEVE STAPLES' CONDITIONAL, NON-BINDING PROPOSAL TO ACQUIRE ESSENDANT FOR $11.50 PER SHARE IN CASH TO BE A SUPERIOR PROPOSAL".  Full Article

Essendant Confirms Proposals From Staples, Genuine Parts Co
Thursday, 17 May 2018 

May 16 (Reuters) - Essendant Inc ::ESSENDANT CONFIRMS RECEIPT OF TWO PROPOSALS: AN UNSOLICITED ALL-CASH OFFER FROM STAPLES, INC. AND A CONTINGENT CASH PAYMENT FROM GENUINE PARTS COMPANY AS AN ENHANCEMENT TO THE AGREED UPON MERGER.ESSENDANT- CONFIRMED THAT IT RECEIVED AN UNSOLICITED PROPOSAL FROM STAPLES, INC. TO ACQUIRE ALL SHARES OF ESSENDANT STOCK FOR $11.50 PER SHARE IN CASH.  Full Article

Essendant Q1 Adjusted Loss Per Share $0.12
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Essendant Inc ::ESSENDANT REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.12.Q1 GAAP LOSS PER SHARE $1.40.Q1 SALES $1.2 BILLION.SEES FY 2018 SALES DOWN 3 PERCENT TO DOWN 5 PERCENT .CONFIDENT WILL DELIVER MORE THAN HALF OF OUR EXPECTED COST SAVINGS IN 2018.2018 ADJUSTED DILUTED EARNINGS PER SHARE IS EXPECTED TO INCREASE IN SECOND HALF OF 2018 COMPARED TO FIRST HALF.ESSENDANT - SEES FREE CASH FLOW GENERATED BY BUSINESS FOR 2018, INCORPORATING COSTS, BENEFITS OF RESTRUCTURING, TO BE IN EXCESS OF $40 MILLION FOR 2018.  Full Article

Genuine Parts Says Essendant Must Pay Termination Fee Of $12 Mln Under Certain Circumstances
Thursday, 12 Apr 2018 

April 12 (Reuters) - Genuine Parts ::IF DEAL TERMINATED BECAUSE APPROVAL IS NOT OBTAINED AT ESSENDANT STOCKHOLDER MEETING, ESSENDANT TO REIMBURSE CO FOR EXPENSES UP TO $3 MILLION.DEAL WITH ESSENDANT PROVIDES ESSENDANT MUST PAY CO TERMINATION FEE OF $12 MILLION ON TERMINATION OF AGREEMENT UNDER CERTAIN CIRCUMSTANCES.  Full Article

Essendant reports Q3 GAAP loss per share $2.23
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Essendant Inc :Essendant reports third quarter 2017 results.Q3 adjusted earnings per share $0.03.Q3 GAAP loss per share $2.23.Q3 revenue fell 5.5 percent to $1.3 billion.Essendant Inc - ‍full year 2017 net sales are expected to be down 6.0 pct to 7.5 pct from prior year​.Essendant Inc - ‍range of 2017 sales decline is expected to continue to affect Q4 adjusted diluted earnings per share​.  Full Article

Essendant names Richard Phillips chief executive officer
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Essendant Inc :Essendant names Richard D. Phillips president and chief executive officer.Essendant Inc - Phillips had been serving as interim president, CEO since June; also elected to co's board and board's executive committee​.Essendant Inc - ‍board has been expanded from nine to ten members with addition of Mr. Phillips​.  Full Article

Essendant announces organizational changes
Tuesday, 16 Aug 2016 

Essendant Inc : Says business will be organized around its two primary customer channels: business & facility essentials and industrial essentials . Company to reorganize around primary channels . Harry Dochelli named president of business & facility essentials; Ric Phillips named group president of industrial essentials . Chief Operating Officer Tim Connolly to leave company .Essendant will not seek a replacement in COO role.  Full Article

BRIEF-Essendant Adopts Stockholder Rights Plan

* ESSENDANT INC - RIGHTS PLAN IS STRUCTURED SUCH THAT IT WILL NOT BE TRIGGERED BY DEFINITIVE MERGER AGREEMENT TO COMBINE CO AND S.P. RICHARDS