Business News

Staples, Inc. Acknowledges The Corporate Express N.V. Proposed Acquisition Of Lyreco SAS

Thursday 22. May 2008 - In light of today's news about the proposed Corporate Express N.V. acquisition of Lyreco SAS, Staples, Inc.(Nasdaq: SPLS) and Staples Acquisition B.V. are considering all options.

Staples Acquisition 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, 2008. The acceptance period for the tender offer ends June 27, 2008.