Essendant to End Merger Agreement with S.P. Richards After Getting Better Offer from Staples


Staples’ determination to sweep Essendant away from S.P. Richards seems to have borne fruit. In April, Essendant and S.P. Richards, which is owned by Genuine Parts Company (GPC), announced a merger agreement (see “Wholesale Distributors Essendant and S.P. Richards Plan to Merge”). But Essendant soon had a new suitor. Staples has been looking to move

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