*NEWS*STAPLES SECURES $3B. IN FUNDS TO PURSUE CORP-EXPRESS

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*NEWS*STAPLES SECURES $3B. IN FUNDS TO PURSUE CORP-EXPRESS

 user 2008-04-02 at 2:39:10 pm Views: 46
  • #19603

    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