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Corporate Express accepts Staples offer
Summary from multiple countries, from articles in English
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The acquisition, which will be Staples largest ever, will shift the Framingham-based company's business mix from primarily selling products to individuals and small businesses to delivering to large corporate customers - an area Corporate Express dominates. (article 1)
NEW YORK- Office-supply retailer Staples Inc.'s acquisition of Dutch office supply retailer Corporate Express will put its North American delivery business on par with the size of its retail business, an executive said on Wednesday. (article 6)
Early Wednesday, Staples said Corporate Express NV accepted its buyout offer of about $2.7 billion a bid which the Framingham, Mass.-based company raised three times in a dogged effort to seal the deal. (article 6)
Staples North American retail business now has about $10 billion in sales annually, and its North American delivery business which includes contracts with businesses as well as catalog and web site orders now has about $6.6 billion in sales. (article 6)
Dutch office products supplier Corporate Express has agreed to a 3.1bn-euro ($4.8bn; $2.4bn) takeover bid from US counterpart Staples. (article 5)
The Dutch company had previously rejected Staples' offers of €7.25 and €8.00 per share as significantly undervaluing the company but last week said it would "carefully review" an offer of €9.15. (article 4)
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Other summaries about this story:
Event tracking:
Story keywords
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Express, Staples, Corporate, Pony, € |
Source articles
- Staples' lengthy courtship pays off (boston.com, 06/12/2008, 578 words)
- Corporate Express accepts Staples offer (L.A. Times, 06/12/2008, 246 words)
- Staples agrees €3.1bn takeover of Corporate Express (business.timesonline.co.uk, 06/11/2008, 310 words)
- Corporate Express yields to Staples (ft.com, 06/11/2008, 431 words)
- Staples to attach Dutch business (BBC News, 06/11/2008, 182 words)
- Staples acquisition boosts delivery business (boston.com, 06/11/2008, 281 words)
- THE PONY EXPRESS (NY Post, 06/12/2008, 740 words)
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blaster@cs.columbia.edu
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