Monday, May 19, 2008
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.