Office Supply News Blog June Archive blog.topic  

Corporate Express Buyout Suspends Staples Buyback

By News Minder at 06/23/08 10:49

The recent purchase of Corporate Express by office supply giant Staples has put the buyback program on hold. For the next 18 months, the program is suspended so Staples can focus on paying off the debt involved in the Corporate Express deal. From the deal, staples hopes to gain more business in the corporate deliveries which was Corporate Express' specialty.

The shareholders for staples should be glad though because this deal should be an improvement for both companies. To read more about this visit, [404 Check: was link to http:/ / money. cnn. com/ news/ newsfeeds/ articles/ apwire/ ffbd8928a4cffac8602832847b26fc5b. htm, anchor: Staples to suspend share buyback program ] .

Workers For Corporate Express Unsure of Their Futures

Future uncertain for Corporate Express employees after buyout

Office Max Shares at a Low Point

The OfficeMax shares have been reported at an all time low for the past 52 weeks. The shares closed out at 18.10. The OfficeMax has been moved to S&P 500.

Speculation is that the shares may have lowered in wake of Staples buyout of Corporate Express not that long ago. Staples continues to be a monster in the office supply realm. To read more visit, [404 Check: was link to http:/ / www. forbes. com/ feeds/ ap/ 2008/ 06/ 13/ ap5116164. html, anchor: Office Max shares fall on index change - Forbes.com] .

Staples News Directly From the Source

All of your questions about the office supply superstore, Staples will be answered. I found an article with an interview from Demos Parneros, the man who runs all of staples 1500 stores. He answers some questions about the company that you will find no where else.

He covers topics such as the economic environment and their move to denver. The article also covers the new directions staples is going in and their new purchase of Corporate Express. To read about all of this visit, Five questions for Demos Parneros : Retail : The Rocky Mountain News.

Corporate Express Gives in to Staples

After about three offers from Staples, Corporate Express has finally agreed to sell for 2.6 billion.

What does this mean for Staples? Corporate Express has a great history of contract deliveries to large corporate companies. This is a goal that Staples has.

To read more about the Staples, Corporate Express deal visit Staples agrees to buy Corporate Express for $2.6 b - Daily Business Update - The Boston Globe.

Staples is still after Corporate Express

After a couple of months, Staples is still trying to win the bid of Corporate Express, a Dutch Company.

They have made offers in the past, but the current offer is 14 percent more than before! They say that the shareholders cannot match the current bid from staples.

To read more about the Staples and Corporate Express deal go to Staples raises its previous offer for Corporate Express by 14% - Related Stories - NAW SmartBrief.