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Essendant Inc (ESND.OQ)

ESND.OQ on NASDAQ Stock Exchange Global Select Market

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Thu, Apr 12 2018

Genuine Parts to merge S.P. Richards business with Essendant

Genuine Parts Co said on Thursday it would spin off its wholesale distribution business S.P. Richards and merge it with Essendant in a tax-free transaction for shareholders, as it focuses on its industrial and auto parts businesses.

UPDATE 2-Genuine Parts to merge S.P. Richards business with Essendant

April 12 Genuine Parts Co said on Thursday it would spin off its wholesale distribution business S.P. Richards and merge it with Essendant in a tax-free transaction for shareholders, as it focuses on its industrial and auto parts businesses.

BRIEF-Genuine Parts Says Essendant Must Pay Termination Fee Of $12 Mln Under Certain Circumstances

* IF DEAL TERMINATED BECAUSE APPROVAL IS NOT OBTAINED AT ESSENDANT STOCKHOLDER MEETING, ESSENDANT TO REIMBURSE CO FOR EXPENSES UP TO $3 MILLION

CORRECTED-UPDATE 1-Genuine Parts to merge S.P. Richards business with Essendant

April 12 Genuine Parts Co said on Thursday it would spin off its wholesale distribution business S.P. Richards into a separate company and merge it with peer Essendant in a deal structured as a Reverse Morris Trust.

CORRECTED-Genuine Parts to spin off business to merge with Essendant

April 12 Genuine Parts Co said it would spin off its wholesale distribution business S.P. Richards into a separate company and merge it with office furniture distributor Essendant in a deal structured as a Reverse Morris Trust.

BRIEF-Essendant And Genuine Parts Co's S.P. Richards Business To Combine

* PRESS RELEASE - ESSENDANT AND GENUINE PARTS COMPANY'S S.P. RICHARDS BUSINESS TO COMBINE TO FORM STRONGER, MORE COMPETITIVE NATIONAL BUSINESS PRODUCTS DISTRIBUTOR

BRIEF-Essendant In Merger Deal & Separation Deal

* ESSENDANT - IN TRANSACTIONS IN MERGER DEAL & SEPARATION DEAL, GPC TO TRANSFER CERTAIN WHOLLY OWNED UNITS ENGAGED IN BUSINESS PRODUCTS GROUP TO SPINCO

BRIEF-Essendant Q4 GAAP Loss Per Share $0.04

* ESSENDANT REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

BRIEF-Essendant names Richard Phillips chief executive officer

* Essendant names Richard D. Phillips president and chief executive officer

BRIEF-Essendant reports Q3 GAAP loss per share $2.23

* Essendant Inc - ‍full year 2017 net sales are expected to be down 6.0 pct to 7.5 pct from prior year​

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