5 result(s) displayed (1 - 5 of 5):

Staples integrates acquisition, blames results on weak economy (from Corporate Dealmaker)

Staples said challenging economic conditions made it report weaker-than-expected earnings. Its banking on synergies from its $4.8 billion acquisition of Corporate Express. Also, OfficeMax shares tanked Wednesday as its CFO Don Civgin abruptly quit to take up the same post at insurer Allstate Corp. They'll be hiring soon.

Posted on August 20, 2008 4:22 PM

Retail deal notes from all over (from Corporate Dealmaker)

Speakers at the Reuters Retail and Consumer Summit said retail mergers and acquisitions will crawl for about nine more months as the credit crunch takes its toll and will pick up again when financial markets are convinced most of the bad assets have been fully accounted for.A Reuters article...

Posted on June 20, 2008 3:47 PM

Synergies, integration for Corporate Express-Staples (from Corporate Dealmaker)

Corporate Express NV finally agreed to be acquired by office supplies retailer Staples Inc. for €3.1 billion ($4.8 billion), abandoning its $2.7 billion bid for French peer Lyreco SA. The deal establishes a contract-based business-customer arm for Framingham, Mass.-based Staples in Europe and Canada, and extends the company's reach...

Posted on June 11, 2008 4:25 PM

Staples goes hostile (from Corporate Dealmaker)

Last week we wondered how far Staples Inc. chief executive Ron Sargent would go in his pursuit of Dutch office and computer product distributor Corporate Express NV. We got the answer on Monday. As Maria Woehr reports over on our sister blog Dealscape, Sargent is taking the $4.3 billion bid,...

Posted on May 19, 2008 3:21 PM

How far will Staples go? (from Corporate Dealmaker)

It may not have the glitz or financial heft of Microsoft Corp.'s $47.5 billion bid for Yahoo! Inc., but the story line of Staples Inc.'s unsolicited $2.3 billion bid for Corporate Express NV of Amsterdam is so far hitting the same dramatic high points. That is months of unsuccessful attempts...

Posted on May 14, 2008 12:36 PM