Staples Issues Statement Regarding European Commission Announcement of Phase II Review
September 25 2015 - 6:40AM
Business Wire
Staples, Inc. today issued a statement in response to the
European Commission’s announcement of a Phase II review of the
Office Depot acquisition.
“We continue to work cooperatively with the European Commission
regarding the acquisition of Office Depot,” said Ron Sargent, Chief
Executive Officer, Staples, Inc. “The transaction would enable
Staples to better serve customers around the world and to compete
in a rapidly evolving global marketplace.”
Regulators in Australia, New Zealand and China have approved the
transaction. Staples continues to work with regulatory authorities
in the European Union, the United States and Canada.
IMPORTANT ADDITIONAL INFORMATION
In connection with the proposed merger, Staples has filed with
the SEC a registration statement on Form S-4 that includes a
proxy statement of Office Depot that also constitutes a prospectus
of Staples. Staples filed the final proxy statement/prospectus with
the SEC on May 18, 2015. The registration statement was
declared effective by the SEC on May 15, 2015. Office Depot
mailed the definitive proxy statement/prospectus to stockholders of
Office Depot on or about May 19, 2015, and the stockholders
approved the transaction on June 19, 2015. The registration
statement and the proxy statement/prospectus contain important
information about Staples, Office Depot, the transaction and
related matters. Investors and security holders are urged to read
the registration statement and the proxy statement/prospectus
(including all amendments and supplements thereto) carefully.
Investors and security holders may obtain free copies of the
registration statement and the proxy statement/prospectus and other
documents filed with the SEC by Staples and Office Depot through
the web site maintained by the SEC at www.sec.gov.
In addition, investors and security holders may obtain free
copies of the registration statement and the definitive proxy
statement/prospectus from Staples by contacting Staples’ Investor
Relations Department at 800-468-7751 or from Office Depot by
contacting Office Depot’s Investor Relations Department at
561-438-7878.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the proposed transaction
between Staples and Office Depot, the expected timetable for
satisfying conditions to the merger, including receiving regulatory
approvals, and completing the transaction, future financial and
operating results, benefits and synergies of the transaction,
future opportunities for the combined company and any other
statements about Staples’ future expectations, beliefs, goals,
plans or prospects constitute forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Any statements that are not statements of historical fact
(including statements containing “believes,” “anticipates,”
“plans,” “expects,” “may,” “will,” “would,” “intends,” “estimates”
and similar expressions) should also be considered to be forward
looking statements. There are a number of important factors that
could cause actual results or events to differ materially from
those indicated by such forward looking statements, including: the
ability to consummate the transaction; the risk that regulatory
approvals required for the merger are not obtained or are obtained
after delays or subject to conditions that are not anticipated; the
risk that the financing required to fund the transaction is not
obtained; the risk that the other conditions to the closing of the
merger are not satisfied; potential adverse reactions or changes to
business or employee relationships, including those resulting from
the announcement or completion of the merger; uncertainties as to
the timing of the merger; competitive responses to the proposed
merger; response by activist shareholders to the merger;
uncertainty of the expected financial performance of the combined
company following completion of the proposed transaction; the
ability to successfully integrate Staples’ and Office Depot’s
operations and employees; the ability to realize anticipated
synergies and cost savings; unexpected costs, charges or expenses
resulting from the merger; litigation relating to the merger; the
outcome of pending or potential litigation or governmental
investigations; the inability to retain key personnel; any changes
in general economic and/or industry specific conditions; and the
other factors described in Staples’ Annual Report on Form 10-K
for the year ended January 31, 2015 and Office Depot’s Annual
Report on Form 10-K for the year ended December 27, 2014
and their most recent Quarterly Reports on Form 10-Q each
filed with the SEC. Staples disclaims any intention or obligation
to update any forward looking statements as a result of
developments occurring after the date of this document.
About Staples:
Staples makes it easy to make more happen with more products and
more ways to shop. Through its world-class retail, online and
delivery capabilities, Staples lets customers shop however and
whenever they want, whether it’s in-store, online or on mobile
devices. Staples offers more products than ever, such as
technology, facilities and break room supplies, furniture, safety
supplies, medical supplies, and Copy and Print services. Staples
also offers free shipping for Staples Rewards Members, in most
cases overnight. Headquartered outside of Boston, Staples operates
in North and South America, Europe, Asia, Australia and New
Zealand. More information about Staples (SPLS) is available at
www.staples.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150925005217/en/
Staples, Inc.Kirk Saville,
508-253-8530Kirk.Saville@Staples.comorChris Powers,
508-253-4632Christoper.Powers@Staples.com
Staples, Inc. (NASDAQ:SPLS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Staples, Inc. (NASDAQ:SPLS)
Historical Stock Chart
From Sep 2023 to Sep 2024