SPLS bids for CXP #2

One month on from their initial offer, Staples has reiterated its desire to acquire Corporate Express. And Corporate Express has once again rejected their offer. This means that Staples is expected to follow Dutch law formalities and submit an 'offer memorandum' to the AFM [Autoriteit Financiele Markten] by mid-May, while completing whatever competition law regulatory filings are deemed necessary.