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Staples’ Essendant Tender Offer Extended To January 9

Staples and Essendant have extended the expiration time of their previously announced tender offer, the companies have announced.

The tender offer covers all outstanding shares of Essendant’s common stock and the extension continues it to 6 p.m. eastern time on January 9, unless the offer is further extended, the companies noted. The tender offer, pursuant to a merger agreement between the companies, had a January 2 expiration previously.

Essendant Inc. is a national distributor of workplace merchandise with 2017 net sales of $5 billion, according to the companies.