May 17, 2018 / 5:48 PM / 6 months ago

BRIEF-Essendant Adopts Stockholder Rights Plan

May 17 (Reuters) - Essendant Inc:

* ESSENDANT ADOPTS STOCKHOLDER RIGHTS PLAN

* ESSENDANT INC - RIGHTS PLAN WILL EXPIRE ON MAY 17, 2019.

* ESSENDANT INC - RIGHTS PLAN IS STRUCTURED SUCH THAT IT WILL NOT BE TRIGGERED BY DEFINITIVE MERGER AGREEMENT TO COMBINE CO AND S.P. RICHARDS

* ESSENDANT-PURSUANT TO PLAN,1 PREFERRED STOCK PURCHASE RIGHT TO BE DISTRIBUTED AS DIVIDEND ON EACH SHARE OF CO’S COMMON STOCK HELD AS OF CLOSE ON MAY 27

* ESSENDANT INC - SETS TRIGGER FOR RIGHTS PLAN AT 10 PERCENT Source text for Eikon: Further company coverage:

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