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Essendant Board Determines Staples Offer Constitutes A "Superior Proposal" To S.P. Richards Transaction


Monday, 10 Sep 2018 

Sept 10 (Reuters) - Essendant Inc ::ESSENDANT BOARD DETERMINES STAPLES OFFER CONSTITUTES A "SUPERIOR PROPOSAL" TO S.P. RICHARDS TRANSACTION.ESSENDANT INC - GPC HAS RIGHT TO PROPOSE AMENDMENTS TO TERMS OF S.P. RICHARDS MERGER AGREEMENT.ESSENDANT INC - DELIVERING NOTICE TO GPC THAT BOARD INTENDS TO TERMINATE S.P. RICHARDS MERGER TO ENTER INTO MERGER AGREEMENT WITH STAPLES..ESSENDANT - ESSENDANT BOARD HAS NOT CHANGED RECOMMENDATION WITH RESPECT TO S.P. RICHARDS DEAL, NOR HAS IT MADE RECOMMENDATION WITH RESPECT TO STAPLES PROPOSAL.ESSENDANT - DETERMINED THAT $12.80 PER SHARE PROPOSAL FROM STAPLES CONSTITUTES A "SUPERIOR PROPOSAL". 

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