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Kirkland, Skadden Advise On Staples' $996M Essendant Buy

Law360 (September 14, 2018, 4:13 PM EDT) -- Staples on Friday inked a $996 million acquisition of national distributor of workplace supplies Essendant Inc., usurping the latter's previously announced merger agreement with the office products unit of Genuine Parts Co., in a deal steered by Kirkland & Ellis LLP and Skadden Arps Slate Meagher & Flom LLP.

Under the terms of the transaction, an affiliate of the private equity-backed Staples Inc. will acquire all of the outstanding shares of the Illinois-based Essendant's common stock for $12.80 per share in cash, according to a statement. ...
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