Corporate Express will open its books to US peer Staples very soon, sources tell Wednesday’s Financieele Dagblad.
On Tuesday, Staples increased its offer for the Dutch company from €8 to €9.15 a share, a move which some analysts said made a takeover inevitable. Corporate Express rejected the earlier offer, saying it significantly undervalued the company.
Now, sources tell the paper, the company plans to take a ‘neutral’ stand. Staples says three investment groups have already agreed to tender their shares – a total of 23%.
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