Corporate Express Recommends Staples Bid
June 2008
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AMSTERDAM, NETHERLANDS—Corporate Express NV, a Dutch office supplies distributor, will recommend a $14.36 per share takeover bid by Staples Inc. to shareholders, according to the Associated Press. The decision reverses an earlier plan to merge with French competitor Lyreco. Including Corporate Express debt, the offer values the company at around $4.8 billion.
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