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ESND - Essendant Inc News Story

$12.8 0.0  0.0%

Last Trade - 30/01/19

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £3.79bn
Position in Universe th / 6362

U.S. FTC approves Staples' acquisition of Essendant with conditions

Mon 28th January, 2019 11:08pm
WASHINGTON, Jan 28 (Reuters) - The U.S. Federal Trade
Commission said on Monday it had approved with conditions the
proposed $482.7 million merger of office supply distributors
Staples Inc and Essendant Inc  ESND.O .
    "Staples, which is owned by the private-equity firm Sycamore
Partners, will establish a firewall separating Staples'
business-to-business sales operations from Essendant's wholesale
business," the regulator said in a statement.
    "This firewall will restrict Staples' access to the
commercially sensitive information of Essendant's customers."

 (Reporting by Eric Beech; Writing by Mohammad Zargham; Editing
by Sandra Maler)
 ((mohammad.zargham@thomsonreuters.com;))
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