Staples offers to buy out Corporate Express Australia
Framingham, Mass. Staples said that it offered approximately $358.7 million to buy the 41.4% of Corporate Express Australia it didn’t already own.
At $5.60 per share, Staples is offering a 22% premium to the company’s Tuesday closing stock price of $4.60.
The chain, which currently holds 58.6% of Corporate Express Australia’s issued share capital, reiterated late Tuesday that stockholders will also get a dividend of 12.5 cents per share. The dividend, which is likely to be paid on April 14, would bring the deal’s total value to approximately $5.73 per share.
Staples acquired Dutch office-supply company Corporate Express NV during the summer of 2008.
Licensing industry honors Hasbro leader
NEW YORK Alan Hassenfeld, chairman of the executive committee and former chairman of the board Hasbro and the late Stephen Hassenfeld, CEO and chairman of the board until 1989, have been selected for induction into the International Licensing Industry Merchandisers’ Association Licensing Industry Hall of Fame.
The induction ceremony will take place on June 8 at the second annual LIMA Opening Night Awards Party at Licensing International Expo 2010, which will be held at the Mandalay Bay Convention Center in Las Vegas.
“Stephen and Alan transformed their family’s Rhode Island toy company into a global marketing powerhouse, along the way garnering Wall Street’s respect for toy companies,” said Charles Riotto, president of LIMA. “They also share LIMA’s commitment to integrity in business and to giving back to the communities and consumers who support our business. LIMA is proud to honor them as licensing industry pioneers at Licensing International Expo this June.”
Sears selects TweetMyJOBS to promote employment opportunities
CHARLOTTE, N.C. Sears Holdings has selected TweetMyJOBS, a company that uses social media and other digital platforms to inform members of new job opportunities.
“Last year, Sears Holdings posted more than 500 thousand job openings through several traditional job recruiting channels, but we’re quickly realizing that we needed to broaden our employment marketing to include social media,” said Lance Brolin, director of talent and human capital services operation for Sears Holdings. “We’ve chosen to work with TweetMyJOBS because their service is an innovative approach that can save us time, money and, most importantly, bring us the quality candidates we need.”
Job seekers can search TweetMyJOBS.com by type of work, location or specific company, or choose to receive instant notification via text message when a job fitting their criteria is posted. Online, through computers or smartphones, they can see detailed information about available positions, and view recruiter or employer web pages which further describe the job listings. After identifying a position that is ideal for them, job seekers can apply in a few short clicks. They can also proactively tweet their resume out on the “Twittersphere” for recruiters to find while searching for job candidates.