Staples acknowledges Corporate Express bid for Lyreco

FRAMINGHAM, Mass. Staples said that it has learned of Corporate Express's proposed acquisition of Lyreco SAS and is considering all options.

Staples reaffirms that its all cash offer of EUR 8.00 per ordinary share delivers certain, immediate and superior value to Corporate Express shareholders. Staples Acquisition's offer does so without the substantial execution and other risks inherent in Corporate Express' long-term plans, with or without the addition of Lyreco.

Staples Acquisition launched its tender offer on May 19. The acceptance period for the tender offer ends June 27.