International Business News - Corporate 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 For the first time, Maryland is collecting millions of dollars in corporate income taxes from a company after closing a loophole involving real estate investment trusts, the state's tax collector said Monday. http://www.ibtimes.com/articles/20081013/md-to-collect-millions-after-closing-tax-loophole.htm Mon, 13 Oct 2008 13:26:19 EDT Corporate Office Properties Trust said Monday it finished selling 3.7 million shares, raising about $139 million in proceeds. The company had priced the offering at $39 per share. Its goal was to raise money to finance development costs and other investments. The total included about 487,000 shares that covered overallotments. The proceeds total the company quoted did not include offering expenses. http://www.ibtimes.com/articles/20080929/corporate-office-closes-139m-stock-offering.htm Mon, 29 Sep 2008 18:24:43 EDT Corporate Office Properties Trust said late Tuesday it plans to sell 2 million shares to finance development costs and other investments. The real estate investment trust said it will grant the underwriters the option to buy an extra 300,000 shares to cover any overallotments. http://www.ibtimes.com/articles/20080924/corporate-office-properties-to-sell-2m-shares.htm Wed, 24 Sep 2008 09:48:29 EDT Coal mine operator Massey Energy has put out its first social responsibility report. The 32-page document details Massey's financial and employee support for a variety of programs, including donations for education and volunteer fire departments and help re-establishing the American chestnut in Appalachia. http://www.ibtimes.com/articles/20080820/massey-issues-corporate-responsibility-report.htm Wed, 20 Aug 2008 15:43:42 EDT Staples Inc. said Tuesday its integration of Dutch office supply company Corporate Express is well under way, and its three-year plan includes cost savings of $200 million to $300 million. http://www.ibtimes.com/articles/20080819/staples-offers-details-on-corporate-express-tie-up.htm Tue, 19 Aug 2008 07:37:20 EDT Staples Inc. on Wednesday said its offer for all outstanding securities of Corporate Express NV has completed. The Framingham, Mass.-based company earlier this month completed a separate offer for all outstanding shares of the Dutch office supply company Corporate Express NV and its 2 percent convertible bonds. Shareholders and bondholders had until last week to tender their shares and bonds under a post-approval period that ended last week. http://www.ibtimes.com/articles/20080723/staples-settles-corporate-express-securities-offer.htm Wed, 23 Jul 2008 13:04:55 EDT The Justice Department has agreed to back off hardball tactics to force corporations to turn over confidential communications between their attorneys and company executives under scrutiny by prosecutors. http://www.ibtimes.com/articles/20080709/justice-softens-hardball-tactics-with-corporations.htm Wed, 09 Jul 2008 18:58:07 EDT Office supply retailer Staples Inc. said Wednesday it has settled its offer for all outstanding shares of Dutch office supply company Corporate Express NV and its 2 percent convertible bonds. http://www.ibtimes.com/articles/20080709/staples-settles-offer-for-corporate-express.htm Wed, 09 Jul 2008 16:07:23 EDT When winemaking giant E&J Gallo bought the Louis M. Martini Winery in 2002, it got a prestigious label, 1,735 acres of some of the best vineyards in Napa and Sonoma counties and a sweet tax break. http://www.ibtimes.com/articles/20080702/calif-budget-deficit-turns-spotlight-on-prop-13.htm Wed, 02 Jul 2008 17:53:58 EDT Expedia Corporate Travel, a unit of online travel company Expedia Inc., said Monday that has changed its name to Egencia, added new Web site tools and agreed to buy Synergi Global Travel Management. http://www.ibtimes.com/articles/20080630/expedia-corporate-travel-changes-name-to-egencia.htm Mon, 30 Jun 2008 12:35:29 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 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 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 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 Corporate Express NV on Thursday stopped fighting a string of hostile takeover bids by Staples Inc. and began talking with its larger office products rival, a reversal that came two days after Staples sweetened its third offer to $2.6 billion. http://www.ibtimes.com/articles/20080605/corporate-express-invites-staples-to-enter-buyout-talks.htm Thu, 05 Jun 2008 17:12:07 EDT Staples Inc. raised its hostile bid for Corporate Express NV again Tuesday after the Dutch company's surprise bid for another office products supplier that would create a viable global competitor. http://www.ibtimes.com/articles/20080603/staples-raises-bid-for-corporate-express-to-2-6b.htm Tue, 03 Jun 2008 17:09:31 EDT Staples Inc. said Tuesday it will again boost its hostile takeover bid for Dutch office supplies distributor Corporate Express NV. The U.S. company says it will now offer euro9.15 (US$14.21) per share or euro1.67 billion (US$2.60 billion) in cash for Corporate Express, up from earlier bids of euro7.25 and euro8 per share that were rejected by the Dutch company's boards as too low. http://www.ibtimes.com/articles/20080603/staples-raises-bid-corporate-express.htm Tue, 03 Jun 2008 06:00:37 EDT The executive vice president and chief operating officer of Corporate Office Properties Trust Inc., a real estate investment trust, exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing. http://www.ibtimes.com/articles/20080522/corporate-office-properties-trust-coo-exercises-options.htm Thu, 22 May 2008 16:12:54 EDT Office supplies distributor Corporate Express NV made a surprise move to thwart a hostile takeover by U.S.-based Staples Inc. on Wednesday, announcing plans to instead buy French rival Lyreco SAS for around $2.7 billion in cash and shares. http://www.ibtimes.com/articles/20080521/corporate-express-in-2-7-billion-lyreco-deal.htm Wed, 21 May 2008 15:39:19 EDT Staples Inc. brought its $2.47 billion hostile takeover bid for Corporate Express NV directly to the Dutch office products firm's shareholders on Monday, and said Corporate Express' management was continuing to resist negotiations. http://www.ibtimes.com/articles/20080519/staples-raises-bid-for-corporate-express.htm Mon, 19 May 2008 15:41:39 EDT