July 9, 2008
Staples Schedules Corp. Express Delisting
By Matthew L. Brown
Framingham-based Staples Inc. is telling Corporate Express holdout shareholders that they have until July 16 to sell their shares to Staples.
Staples reached an agreement to acquire Netherlands-based Corporate Express for $2.7 billion early last month. After July 16, the company will start legal proceedings to acquire 100 percent of issued and outstanding shares in the company.
The company also said it plans to delist Corporate Express from the New York Stock Exchange and the Euronext Amsterdam as soon as possible. Staples said it expects Corporate Express' last day of trading in the U.S. to be July 18.
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