SPLS bids for CXP #1

On 19th February 2008, Staples made an unsolicited bid for Corporate Express - a bid which was swiftly rejected by Corporate Express' management. Rumours have persisted about the possible hook-up between these two companies for several months, so it is no surprise that despite this initial rebuff, analysts are now merely talking about the price that Staples will eventually have to pay if it is to succeed.