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Illinois company's board favors Staples takeover proposal

The board of directors at an Illinois wholesale supplier of office furniture and other goods has said an acquisition bid from Staples is a better proposal than one from a different company.
The Framingham office retailer made an unsolicited bid for Essendant in April, but faced competition from another bidder, Genuine Parts Co. of Atlanta.
Essendant said Monday its board has determined the Staples proposal was a ...

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