Staples' (SPLS) Tender Offer Overwhelming Accepted by Corporate Express Shareholders

June 27, 2008 4:06 PM EDT

Staples, Inc. (Nasdaq: SPLS) and its wholly owned subsidiary, Staples Acquisition B.V., announced that its tender offer received overwhelming acceptance from Corporate Express' shareholders:

• Together with the 24,541,668 Ordinary Shares already held by Staples Acquisition B.V., the 152,495,551 Ordinary Shares tendered in the Offer represent 95.2 percent of the total issued and outstanding ordinary shares in the capital in Corporate Express N.V.
  
• The Preference Shares tendered in the Offer represent 99.7 percent of the total issued and outstanding preference shares A in the capital in Corporate Express N.V.
  
• Together with the EUR 6,733,550 of Bonds already held by Staples Acquisition B.V., the Bonds tendered in the Offer represent 99.1 percent of the total issued and outstanding principal amount of two percent subordinated convertible bonds due 2010 convertible into Ordinary Shares in the capital in Corporate Express N.V.

Staples, Inc., together with its subsidiaries, engages in retailing office products.

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