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Entries tagged "Staples"Staples gets OK to acquire Corporate ExpressStaples Inc. has won approval from the European Commission for its $4.8 billion takeover offer for Dutch office supply company Corporate Express NV. Staples raised its offer to €9.25 ($14.34) per share from €9.15 last week, finally winning the backing of Corporate Express, which then ditched its own deal to buy French privately owned competitor Lyreco SA. ... The Deal Calendar: June 16 - 20, 2008The Deal's Mary Kathleen Flynn and Suzanne Stevens discuss the next steps of the most talked about deals for the week of June 16, 2008. ... The deal markets: Despite the gloom, signs of lifeIn March and early April, many M&A lawyers were ready to write the year off. The markets are dead, they said. It was a good time to look at our forms, spend time with the family, make a little less money and gear up for the next boom, whenever it arrives. Since then, however, proving how unpredictable everything is, the M&A market has picked up handsomely despite continued stock market choppiness, high energy prices and troubles at financial institutions ranging from small regional banks to Lehman Brothers Inc. In fact, the past two weeks have seen five large deals announced.... Staples nails Corporate Express as markets worry about oilStaples Inc. showed investors Wednesday that persistence pays off. The office retailer's third bid for Corporate Express NV was accepted, topping a flurry of deal-related activity on Wednesday. Overall, however, deal activity was overshadowed by the black cloud of the rising cost of oil, which dragged down the Dow 136.62, or 1.11%, to 12,162.50, while the Nasdaq fell 27.92, or 1.14%, to 2,421.02.... Staples in $4.8B deal for Corporate ExpressStaples Inc. on Wednesday unveiled an agreement to acquire Dutch peer Corporate Express NV for €3.1 billion ($4.8 billion) including debt. ... Report: Corporate Express to open books to StaplesCorporate Express NV will open its books to allow Staples Inc. to conduct due diligence, according to Dutch newspaper Het Financieele Dagblad.... Markets tippytoe to green despite worries in the financial sectorThe markets were still queasy from Monday's losses as the financial sector took the forefront again, weighing down the markets with rumors of a capital infusion for a major investment bank and a deal for a financial clearing house. In addition, investors were digesting news surrounding two retail deals. And through it all, the Dow inched forward 15.30, or .12%, to 12,519.12, and the Nasdaq increased slightly 16.74, or 0.67%, to 2,08.27 in Tuesday midday trading. ... Staples boosts Corporate Express bid to $2.6BStaples Inc. raised its unsolicited offer for Corporate Express NV to about €1.67 billion ($2.6 billion) Tuesday after investors tendered over 23% of the shares in its Dutch peer. ... Corporate Express aims to fend off Staples with Lyreco buyCorporate Express NV will acquire French rival Lyreco SAS for €1.73 billion ($2.71 billion) as it maneuvers to fend off a hostile bid from Staples Inc.... Deal International: News on EADS, Corporate Express, Mitchells & Butlers, moreStay tuned to TheDeal.com and Deal International for updates to these stories and more. European Aeronautic Defence and Space Co. NV In headlines out of Europe Tuesday, EADS' chief executive says his group would target the U.S. for acquisitions this year but wouldn't challenge Italy's Finmeccanica SpA with a bid for DRS Technologies Inc. ... Deal Stocks barely budge on deal newsThe somewhat tepid mood of the broader markets on Monday seemed to be contagious as a handful of stocks involved in pending deals barely moved despite positive deal news. The Dow Jones Industrial Average on Monday climbed 41.36 points to close at 13,028.16.... Staples takes Corporate Express offer to shareholdersStaples Inc. is taking its offer for Corporate Express NV to the shareholders. The Framingham, Mass.-based company launched a public offer of €8.00 ($12.53) per share in cash for the Dutch office supply company. The offer, which expires June 27, 2008, is valued at $4.3 billion including debt. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Staples." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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