Essendant Inc. is now part of Staples Inc., the two companies announced today.
Staples and Essendant issued a combined statement early today noting that affiliates of Staples had successfully completed a tender offer to acquire all of the outstanding shares of Essendant common stock for $12.80 per share, a sum valued at $487.2 million. Plus the assumption of debt, the companies have valued the total deal at $996 million.