Congrats Staples. Way to go Syc! Great business move. Wish everyone the best!
7 replies (most recent on top)
Good lick WB MASON
Great day for SP Richards.
1 way firewall? Essendant will access Staples and soon Staples sales folks will be buh-bye
"This firewall will restrict Staples' access"
yeah, and I'm Chinese jet pilot.
Just another move to make outside sales folks redundant.
Please keep in mind, this is a Sycamore Partners purchase.
Nice!
The U.S. Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc.
"Staples, which is owned by the private-equity firm Sycamore Partners, will establish a firewall separating Staples' business-to-business sales operations from Essendant's wholesale business," the regulator said in a statement.
"This firewall will restrict Staples' access to the commercially sensitive information of Essendant's customers."