"There would be massive opportunities for Staples to have cost synergies by paring back Corporate Express' sales force, as well as revenue synergies, by selling customers more services than they're buying right now."
Staples Inc. on Tuesday made an unsolicited cash buyout offer of about $3.67 billion for Netherlands-based Corporate Express NV in a bid to expand its profitable office supplies delivery segment serving business customers.
Corporate Express' U.S. shares rose more than 38 percent in morning trading.
Staples, the world's largest office products supplier, said its offer to pay a hefty premium for Corporate Express came after it made repeated attempts in recent months to discuss a deal. Read more
More...
Staples Inc. on Tuesday made an unsolicited cash buyout offer of about $3.67 billion for Netherlands-based Corporate Express NV in a bid to expand its profitable office supplies delivery segment serving business customers.
Corporate Express' U.S. shares rose more than 38 percent in morning trading.
Staples, the world's largest office products supplier, said its offer to pay a hefty premium for Corporate Express came after it made repeated attempts in recent months to discuss a deal. Read more
More...