International Business News - CXP http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Fitch Ratings and Standard & Poor's Ratings Services on Wednesday downgraded the ratings on office-supply company Staples Inc. by one notch and removed the ratings from negative watch. http://www.ibtimes.com/articles/20080702/fitch-s-p-downgrade-staples-ratings-one-notch.htm Wed, 02 Jul 2008 14:09:17 EDT Office-supply retailers Staples Inc. on Thursday said it will offer a post-acceptance period to allow holders of securities of Dutch office supply company Corporate Express to tender their securities after the tender offer ended. http://www.ibtimes.com/articles/20080702/staples-to-offer-post-acceptance-period-in-deal.htm Wed, 02 Jul 2008 12:35:16 EDT Office-supply retailer Staples Inc. is raising its bid for Dutch office supply company Corporate Express NV's Preference Shares A to 3.60 euros ($5.60) each to appeal to remaining stockholders. http://www.ibtimes.com/articles/20080625/staples-raises-bid-for-corporate-express.htm Wed, 25 Jun 2008 12:36:02 EDT Office supply retailer Staples Inc. said it will suspend its share buyback program for the next 18 months to two years due to the company's acquisition of Corporate Express N.V. http://www.ibtimes.com/articles/20080618/staples-to-suspend-share-buyback-program.htm Wed, 18 Jun 2008 15:01:13 EDT Office-supply retailer Staples Inc. on Tuesday said its proposed $2.7 billion acquisition of Dutch office supply company Corporate Express NV was cleared by the European Commission. http://www.ibtimes.com/articles/20080617/staples-buy-of-corporate-express-gets-europe-ok.htm Tue, 17 Jun 2008 18:03:33 EDT Shares of office-supply retailer OfficeMax Inc. declined on Monday, after a Credit Suisse analyst downgraded the company following news Standard & Poor's removed the stock from the S&P 500 index. http://www.ibtimes.com/articles/20080616/out-of-the-gate-officemax-shares-slide.htm Mon, 16 Jun 2008 09:47:06 EDT Shares of office-supply retailer OfficeMax Inc. hit a 52-week low on Friday, after Standard & Poor's said it would replace it on the S&P 500, effective at the close of trading. http://www.ibtimes.com/articles/20080613/office-max-shares-fall-on-index-change.htm Fri, 13 Jun 2008 19:25:18 EDT Staples Inc.'s four-month campaign to acquire Corporate Express NV finally yielded an agreement Wednesday, a $2.7 billion deal that Staples hopes will put further distance between itself and U.S. rivals Office Depot and OfficeMax. Its two rivals combined would be smaller than Staples once the deal closes. http://www.ibtimes.com/articles/20080612/staples-lands-corporate-express-for-2-7-billion.htm Thu, 12 Jun 2008 03:01:02 EDT Anheuser-Busch says InBev makes unsolicited purchase bid ST. LOUIS (AP)--Anheuser-Busch Cos. says Belgium-based brewer InBev has offered to buy the company for roughly $46 billion. http://www.ibtimes.com/articles/20080611/business-highlights.htm Wed, 11 Jun 2008 18:33:35 EDT WINNING OFFER: Corporate Express agreed to sell to Staples Inc. for $2.7 billion after rebuffing the U.S. company's bids for nearly four months. BID INFLATION: Staples offered 7.25 euros per share on Feb. 19, before increasing its price to 8 euros on May 13; 9.15 euros on June 3; and the final 9.25 euros. http://www.ibtimes.com/articles/20080611/summary-box-staples-wins-corporate-express.htm Wed, 11 Jun 2008 16:57:17 EDT The Standard & Poor's 500 Index fell sharply on Wednesday, weighted by the higher price of crude oil after the Energy Department said oil inventories fell more than expected last week and the dollar weakened. http://www.ibtimes.com/articles/20080611/s-p-500-leaders-and-laggards-mtg-spls.htm Wed, 11 Jun 2008 16:47:23 EDT The Nasdaq 100 index ended lower Wednesday, as a jump in oil prices tugged Wall Street down and sparked concern that the world's central banks may lift interest rates. http://www.ibtimes.com/articles/20080611/nasdaq-100-leaders-and-laggards-uaua-spls.htm Wed, 11 Jun 2008 16:31:26 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080611/alcoa-talbots-among-big-movers.htm Wed, 11 Jun 2008 16:52:47 EDT The Standard & Poor's 500 Index declined at midday as oil prices ticked higher, raising fears that the world's central banks may raise interest rates to tame inflation. http://www.ibtimes.com/articles/20080611/midday-leaders-laggards-s-p-500.htm Wed, 11 Jun 2008 12:42:51 EDT Office-supply retailer Staples Inc.'s acquisition of Dutch office supply retailer Corporate Express will put its North American delivery business on par with the size of its retail business, an executive said on Wednesday. http://www.ibtimes.com/articles/20080611/staples-acquisition-boosts-delivery-business.htm Wed, 11 Jun 2008 12:03:19 EDT The Nasdaq 100 index declined in midday trading, pulled lower by a rebound in the price of oil and a downgrade of Microchip Technology Inc. Microchip's stock declined $2.64, or 7.7 percent, to $31.55, following an analyst downgrade from JPMorgan, forecasting a slowdown in the Chinese market. http://www.ibtimes.com/articles/20080611/midday-leaders-and-laggards-nasdaq-100.htm Wed, 11 Jun 2008 11:50:30 EDT Shares of Staples Inc. rose sharply at the opening bell Wednesday after Dutch office supplies distributor Corporate Express NV agreed to be bought out by the U.S. office supply distributor for $2.7 billion. http://www.ibtimes.com/articles/20080611/out-of-the-gate-staples-rises-on-takeover.htm Wed, 11 Jun 2008 10:12:52 EDT Among the premarket stories for Wednesday, June 11, from AP Financial News: NEW YORK (AP)--Shares of Staples Inc. rose in premarket trading Wednesday after the office supply giant succeeded in its bid to buy Dutch office supply distributor Corporate Express NV for about $2.7 billion. http://www.ibtimes.com/articles/20080611/premarket-roundup-staples-mortgage-applications.htm Wed, 11 Jun 2008 09:45:21 EDT Shares of Staples Inc. rose in premarket trading Wednesday after the office supply giant succeeded in its bid to buy Dutch office supply distributor Corporate Express NV for about $2.7 billion. http://www.ibtimes.com/articles/20080611/premarket-movers-staples-rises-on-deal.htm Wed, 11 Jun 2008 09:13:55 EDT Staples Inc.'s four-month campaign to acquire Corporate Express NV finally yielded an agreement Wednesday, a $2.7 billion deal that Staples hopes will put further distance between itself and U.S. rivals Office Depot and OfficeMax. Its two rivals combined would be smaller than Staples once the deal closes. http://www.ibtimes.com/articles/20080611/corporate-express-accepts-2-7b-staples-offer.htm Wed, 11 Jun 2008 16:12:45 EDT