Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, May 19, 2008

Staples Begins Tender Offer for Dutch Office Goods Supplier

Staples Inc. launched a tender offer for the ordinary shares of Dutch office-goods supplier Corporate Express NV after Corporate Express refused to negotiate with Staples.  Staples said the offering price reflects a 90% premium over the closing price before rumors of the takeover.  The tender offer is conditioned upon the tender of a minimum of 75% of the ordinary share capital.  WSJ, Staples Begins Tender Offer For Corporate Express.

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