Cases
Essendant Inc. (ESND)
Securities Class Action
Overview
Overview
- Date:
- 9/17/2018
- Company Name:
- Essendant Inc.
- Stock Symbol:
- ESND
- Company Name - Buyer:
- Staples, Inc.
- Status:
- Filed
- Merger Announcement Date:
- 9/14/2018
NEW YORK, September 17, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Essendant Inc. (ESND) on behalf of stockholders concerning the proposed acquisition of the company by Staples Inc.
Pursuant to the proposed transaction, announced on September 14, 2018 and valued at approximately $482.7 million, Essendant stockholders will receive $12.80 in cash for each share of Essendant common stock owned. The investigation focuses on whether Essendant and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much this proposed transaction undervalues the Company.
If you own Essendant shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on September 14, 2018 and valued at approximately $482.7 million, Essendant stockholders will receive $12.80 in cash for each share of Essendant common stock owned. The investigation focuses on whether Essendant and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much this proposed transaction undervalues the Company.
If you own Essendant shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.