Staples Confirms $3.67 Billion Corporate Express Offer

Framingham, Mass. Staples Inc. announced on Tuesday that it will offer $3.67 billion to acquire Corporate Express Inc., although the Dutch office-supply wholesaler has already rejected it.

Staples also said it will submit the offer to a Netherlands regulatory agency before May 13.

Last February, Staples made an unsolicited buyout offer for 7.25 euros per share for Corporate Express NV, which Corporate Express said was too low.

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