Staples Turned Away Again
FRAMINGHAM, MA—Corporate Express isn’t averse to negotiating a takeover. But the Netherlands-based company did reject rival Staples’ bid of $2.47 billion, saying the sweetened offer was still too low. The 10 percent increase in the offer still “significantly undervalues the business of Corporate Express,” the company contends.
Tribe Seeks Label Printer
OCEAN SPRINGS, MS—A Choctow Tribe is negotiating to bring a New England label printer here to Jackson County, where it owns First American Printing, according to the Biloxi (MS) Sun Herald. Such a move could result in the addition of 250 jobs to the First American complex. The tribe is targeting printers of pressure-sensitive labels, since 75 percent of First American Printing’s business is direct mail.
Xerox Donates $2 Million to RIT
ROCHESTER, NY—Xerox Corp. is committing $2 million to the Rochester Institute of Technology (RIT) to serve as a founding partner of The Golisano Institute for Sustainability. This investment in RIT by Xerox, which will be spread over five years, focuses on developing talent and fostering new sustainable technologies through research. RIT introduced The Golisano Institute for Sustainability last year following a $10 million commitment from B. Thomas Golisano, chairman and founder of Paychex Inc. and a member of RIT’s Board of Trustees. PI