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SOURCE Essendant Inc.

Merger Acceding to Amalgamate with S.P. Richards Charcoal in Place

DEERFIELD, Ill., Sept. 5, 2018 /PRNewswire/ — Essendant, Inc. (NASDAQ: ESND) today accustomed cancellation of a letter from Staples, Inc., including Staples’ answer of its angle to admission Essendant for $11.50 per allotment in cash.

The Essendant Board of Directors, in appointment with its acknowledged and banking admiral and constant with its fiduciary duties, is reviewing the letter and added abstracts filed beforehand by Staples with the Balance and Exchange Commission.

As ahead announced, Essendant and Genuine Parts Aggregation (NYSE: GPC) (“GPC”) entered into a absolute alliance acceding on April 12, 2018, in which Essendant agreed to amalgamate with GPC’s S.P. Richards business. The alliance acceding with GPC charcoal in effect, and the Essendant Board has not afflicted its advocacy that Essendant’s shareholders vote in favor of that transaction. 

Essendant charcoal committed to implementing its cardinal initiatives as it evolves its business, supports its barter and builds on the drive reflected in the Company’s bigger banking after-effects for the added division of 2018.

Citigroup

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