by Owen Collins | Oct 23, 2018 | City News
Negotiations between the office equipment supplier’s creditors and those of its proposed buyer, Staples Solutions, have collapsed. As a result of the breakdown in talks, the company’s shares have plunged by 27.5 percent, with shares losing 83 percent of their value...
by Owen Collins | Oct 18, 2018 | Around the Industry
The German supplier has welcomed five new apprentices over the last two months. Fiona Asjodi, Nestani Mindiashvili, and Laura Staller have been training with the company as Industrial Clerks, whilst Stefan Kainzmaier and Christine Hirtreiter have joined as trainee...
by Owen Collins | Sep 11, 2018 | City News
The company’s Board has determined the office supplier’s offer a “superior proposal” to that of S.P. Richards. The Illinois supplier has announced that its Board of Directors, after consultation, has determined the acquisition proposal from Staples is a “Superior...
by Owen Collins | Sep 10, 2018 | City News
The company’s bonds fell by more than 57 percent in the Continuous Market, after an international industrial investor made a non-binding offer to purchase the group’s debts. The as-yet-anonymous investor is seeking to acquire the debt for capitalisation, reports...
by Owen Collins | Sep 6, 2018 | City News
The office supply company has filed a preliminary proxy statement urging Essendant’s shareholders to vote down a proposed merger with S.P. Richards Co. According to a company statement, the appeal to shareholders comes due to Staples’ belief that “the SPR merger is...
