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Corporate Express directors accept takeover offer

Corporate Express directors accept takeover offer

The directors of computer and office equipment distributor Corporate Express Australia (ASX:CXP) have accepted the takeover offer from Staples Australia.

Each director has transferred the shares they indirectly held in Corporate Express to Staples, at a price of $5.60 per share.

Director Christina Gillies transferred 5,000 indirectly-held shares, Paul Hitchcock 153,500, and John Randall 11,500.

Staples made the takeover offer in March.

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Tags Mergers and acquisitionsCorporate ExpressStaples009 Financial ResultsChristina GilliesPaul HitchcokJohn Randall

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