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| Staples pursued Corporate Express for four months in a very public way. After three attempts, Corporate Express was enticed by the last offer that it felt provided the appropriate value for the company at €9.25 ($14.56) per Ordinary Share. The entire acquisition scenario represents a classic business case for future study with the dynamics of the increasing share price: Staples purchasing shares of Corporate Express to gain ownership and Corporate Express’ “down-to-the-wire” near acquisition of Lyreco. Now that the issue has been settled, each company believes that the acquisition will provide significant benefits to the organizations and will strengthen them for future growth. |
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Features
Introduction Terms of the Acquisition Lyreco’s Response Staples’ Profile North American Retail North American Delivery International Operations Corporate Express Profile Private Label Brands Benefits to Corporate Express Shareholders Timeline Company Comparisons Conclusion
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