Essendant(ESND)- NASDAQ
  • Nov. 13, 2015, 3:37 PM
    • Staples (SPLS -1%) and Office Depot (ODP +0.4%) are in talks with the FTC regarding a potential transfer of ~$600M in corporate contracts to wholesaler Essendant (ESND +0.3%) in an attempt to alleviate antitrust concerns, WSJ reports.
    • The FTC has spent 10 months scrutinizing SPLS’ $6.3B acquisition of ODP amid concerns it would leave few competitive options for large corporations that buy office supplies in bulk.
    • The divestiture offer by SPLS and ODP is aimed at persuading the FTC that corporate customers would continue to have options for procuring office supplies if they are not satisfied with the products, prices or services offered by the combined company.
    | Nov. 13, 2015, 3:37 PM | 5 Comments
Company Description
Essendant, Inc. engages in the wholesale distribution of business products. It operated through the following segments: Business and Facility Essentials, ORS Industrial, CPO, and Automotive. Its product offerings include traditional office products, such as writing instruments, paper products,... More
Sector: Services
Industry: Wholesale, Other
Country: United States