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Staples takes the lot

Corrs Chambers Westgarth has advised Staples Inc, the world's largest office products company, on its $1 billion bid to acquire full ownership of Corporate Express Australia Limited, advised by…

user iconLawyers Weekly 29 July 2010 Big Law
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Corrs Chambers Westgarth has advised Staples Inc, the world's largest office products company, on its $1 billion bid to acquire full ownership of Corporate Express Australia Limited, advised by Baker & McKenzie.

The offer closed on 26 July with Staples already having an interest in 98.5 per cent in the company. Staples will compulsorily acquire all remaining shares of Corporate Express.

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The Corrs team was led by Braddon Jolley with James Rozsa, Byron Koster, Jaclyn Riley-Smith, Nicole Graham and Clare Dunne.

Braddon Jolley said of the deal: "The offer was overwhelmingly successful and Corrs was delighted to have acted for Staples in acquiring full ownership of Corporate Express."

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