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Staples to acquire Illinois company for $996M

Framingham office supply retailer Staples said Friday it will acquire an Illinois-based company for nearly $1 billion.
Staples will purchase the outstanding shares of office furniture wholesaler Essendant’s common stock for $12.80 a piece for a transaction value of $996 million.
The deal comes after several months of a bidding war between Staples and Genuine Parts Co. of Atlanta that seemingly ended this we ...

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