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Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the Boards of Directors of Essendant, Nexeo, and Pandora on Behalf of Stockholders and Encourages Investors to Contact the Firm

October 2, 2018

NEW YORK, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Essendant Inc., Nexeo Solutions, Inc., and Pandora Media, Inc. Additional information about each potential action can be found at the link provided.

Essendant Inc. (NASDAQ: ESND)

Buyer: Staples Inc.

Pursuant to the proposed transaction, announced on September 14, 2018 and valued at $482.7 million, Essendant stockholders will receive $12.80 in cash for each share of Essendant common stock owned. The investigation focuses on whether Essendant and its board of directors violated securities laws and/or breached their fiduciary duties to the company’s stockholders by failing to conduct a fair process and whether and by how much this proposed transaction undervalues the Company.

To learn more about the Essendant investigation go to: http://bespc.com/esnd/.

Nexeo Solutions, Inc. (NASDAQ: NXEO)

Buyer: Univar Inc.

Pursuant to the proposed transaction, announced on September 17, 2018 and valued at $2 billion, Nexeo stockholders will receive $11.65 in cash for each share of Nexeo common stock owned. The investigation focuses on whether Nexeo and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

To learn more about the Nexeo investigation go to: https://bespc.com/nexeo/.

Pandora Media, Inc. (NYSE: P)

Buyer: Sirius XM Holdings Inc.

Pursuant to the proposed transaction, announced on September 24, 2018 and valued at $3.5 billion, Pandora stockholders will receive 1.44 shares of Siris XM for each share of Pandora common stock owned. The investigation focuses on whether Pandora and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

To learn more about the Pandora investigation go to: https://bespc.com/pandora/.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.

Contacts

Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Melissa Fortunato, Esq.(212) 308-1869 investigations@bespc.comwww.bespc.com

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