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Market Watch (Free subscription) | 07/08/2008
LOS ANGELES (MarketWatch) -- Moody's on Tuesday downgraded the senior unsecured rating of Staples Inc. [s; spls] debt to Baa2 from Baa1, citing the "sharp rise in leverage that results from Staples' fully priced acquisition of Corporate Express." Moody's says it brings Staples debt to 3.1 times that of operating earnings. Moody's kept its Prime-2 rating on Staples'...
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Market Watch (Free subscription) | 07/02/2008
SAN FRANCISCO (MarketWatch) -- Standard & Poor's and Fitch on Wednesday downgraded Staples Inc.'s ratings following its announcement that its offer for Netherlands-based Corporate Express is unconditional. S&P lowered Staples' corporate credit and senior unsecured issue ratings to BBB from BBB+. "The change also reflects Staples' more aggressive financial policy and weaker...
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Market Watch (Free subscription) | 06/27/2008
SAN FRANCISCO (MarketWatch) -- Staples Inc. and its subsidiary Staples Acquisition on Friday extended their cash tender offer for Corporate Express U.S. Finance Inc.'s 8.25% senior subordinated notes due July 1, 2014 and 7.875% senior subordinated notes due March 1, 2015 to July 15. The offer is a part of Staples' proposed buyout of Corporate Express, the parent...
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Market Watch (Free subscription) | 06/27/2008
SAN FRANCISCO (MarketWatch) -- Staples Inc. said Friday it tendered 82% Corporate Express NV's ordinary shares under its offer to buy the company, giving it 95.2% of outstanding Corporate Express ordinary shares. Staples also said it tendered 99.7% of the company's depositary receipts of the preference shares A, and 94.8% of the convertible bonds tendered under the offer, which...
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Market Watch (Free subscription) | 06/25/2008
SAN FRANCISCO (MarketWatch) -- Staples Inc. said Wednesday it increased its offer for Corporate Express NV Preference Shares A to 3.60 euros a share, or about $5.60 a share. Staples said it expects the price increase will be attractive to the remaining holders of the Preference Shares A. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move....
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The Boston Business Journal (Free subscription) | 06/18/2008
Staples Inc. has received clearance from the European Commission to acquire Corporate Express N.V., Staples announced Tuesday.
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Market Watch (Free subscription) | 06/18/2008
SAN FRANCISCO (MarketWatch) -- Staples Inc. said late Tuesday it received European Commission approval regarding its $2.6 billion takeover of Corporate Express NV . Staples has already received U.S. and Canadian regulatory approval of the deal, as well as support from Corporate Express shareholders. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as...
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The East Bay Business Times (Free subscription) | 06/11/2008
Staples Inc. has reached an agreement to acquire Corporate Express NV for $4.8 billion. (SPLS)
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The Washington Business Journal (Free subscription) | 06/11/2008
Staples Inc. has reached an agreement to acquire Corporate Express NV for $4.8 billion. (SPLS)
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The Sacramento Business Journal (Free subscription) | 06/11/2008
Staples Inc. has reached an agreement to acquire Corporate Express NV for $4.8 billion.
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The Baltimore Business Journal (Free subscription) | 06/11/2008
Staples Inc. has reached an agreement to acquire Corporate Express NV for $4.8 billion. (SPLS)
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The Boston Business Journal (Free subscription) | 06/11/2008
Staples Inc. has reached an agreement to acquire Corporate Express NV for $4.8 billion.
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Examiner (Free subscription) | 06/12/2008
Staples Inc.'s four-month campaign to acquire Corporate Express NV finally yielded an agreement Wednesday, a $2.7 billion deal that Staples hopes will put further distance between itself and U.S. rivals Office Depot and OfficeMax. Its two rivals combined would be smaller than Staples once the deal closes.
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The Washington Times (Free subscription) | 06/12/2008
Staples Inc.'s four-month campaign to acquire Corporate Express NV finally yielded an agreement Wednesday, a $2.7 billion deal that Staples hopes will put further distance between itself and U.S. rivals Office Depot and OfficeMax. Its two rivals combined would be smaller than Staples once the deal closes.
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New York Newsday (Free subscription) | 06/12/2008
Staples Inc.'s four-month campaign to acquire Corporate Express NV finally yielded an agreement Wednesday, a $2.7 billion deal that Staples hopes will put further distance between itself and U.S. rivals Office Depot and OfficeMax. Its two rivals combined would be smaller than Staples once the deal closes.
