STAPLES SECURES $3BL IN FUNDS TO PURSUE CORP-EXPRESS

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STAPLES SECURES $3BL IN FUNDS TO PURSUE CORP-EXPRESS

 user 2008-04-02 at 2:38:08 pm Views: 47
  • #19377

    Staples secures funds to pursue Corporate Express
    Staples Inc. announced Tuesday that it has obtained the $3 billion needed to purchase Corporate Express NV, a business-to-business supplier of office and computer products.Lehman Brothers Inc., Bank of America Corp. and HSBC Bank USA have arranged the deal’s financing.The development will enable Staples to proceed with its previously announced public offer for all the outstanding stock in Corporate Express .Staples, based in Framigham, Mass., has about 76,000 workers worldwide.