Staples Inc. has increased its offer to buy preference shares of Dutch office supplies marketer Corporate Express NV by 18% to to3.60 euros ($5.60) per share, in an attempt to appeal to remaining shareholders.
This move will reportedly add nearly $40 million to the $2.6 billion price.
Earlier this month, Staples offered to buy the company for about $2.6 billion (Direct Newsline, June 11).
Under the acquisition, Peter Ventress, Corporate Express CEO, will become president, Staples International, a new position that will oversee the company
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