NEW YORK, September 14, 2018 – The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Essendant Inc. (“Essendant” or the “Company”) (NASDAQGS: ESND) stock prior to September 14, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an Essendant Merger investigation into the fairness of the sale of Essendant to an affiliate of Staples, Inc. for $12.80 in cash per share. To learn more about the ESND Merger investigation, please contact us today!
The Essendant merger investigation concerns whether the Board of Essendant breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Staples, Inc. is underpaying for Essendant shares, thus unlawfully harming Essendant shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.