Essendant to merge with Genuine Parts' S.P. Richards business

Essendant Inc. will merge with Genuine Parts Company's S.P. Richards business in a deal valuing S.P. Richards at $680 million and Essendant at $347 million. Genuine Parts shareholders will own 51% of the combined company, which will be named Essendant.

“This transaction is the result of a comprehensive process to maximize the value of S.P. Richards and represents a key step in the execution of Genuine Parts Company’s long-term strategy.”stockstreetnews.com

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• stockstreetnews.comEssendant Inc to Merge With Genuine Parts Co. - Shares JumpNicky ToorApr 13, 2018

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