Wholesale Distributors Essendant and S.P. Richards Plan to Merge

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National office-supplies distributors Essendant Inc. and S.P. Richards plan to merge, creating a company worth an estimated $7 billion in annual sales. The companies announced the proposed merger April 12 and conducted an investor conference call the morning of the announcement. Under the terms of the agreement, S.P. Richards, the Business Products Group of parent company

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