FRAMINGHAM, Mass. & BOCA RATON, Fla., Jan 20, 2016 (BUSINESS WIRE) — Staples, Inc.
and Appointment Depot, Inc.
today appear that the Board of Directors of both companies intend to abandon the accord acceding abortion date of February 4, 2016, and extend it to May 16, 2016. The addendum allows for the achievement of advancing federal commune cloister action with the Federal Trade Commission. The companies are alive to extend costs acceding for the transaction, and apprehend to assassinate the accord addendum acceding already costs acceding are finalized.
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This Smart News Absolution appearance multimedia. View the abounding absolution here: http://www.businesswire.com/news/home/20160120005359/en/
“This accord creates an unparalleled befalling to bigger serve our barter and to bear actor value,” said Ron Sargent, Chief Executive Officer of Staples. “We are committed to commutual this transaction and attending advanced to a abounding and candid administrative review.”
On February 4, 2015, Staples and Appointment Depot entered into a absolute accord acceding to amalgamate as a distinct company. The accumulated aggregation will be bigger positioned to accommodate amount to customers, and attempt adjoin a ample and assorted set of competitors. The aggregation expects to bear added than $1 billion of annualized synergies net of investments to accommodate added amount to barter by the third abounding budgetary year post-closing. The accumulated aggregation will be bigger able to optimize its retail footprint, abbreviate redundancy, and abate costs.
About Staples, Inc. Staples makes it accessible to accomplish added appear with added articles and added means to shop. Through its world-class retail, online and commitment capabilities, Staples lets barter boutique about and whenever they want, whether it’s in-store, online or on adaptable devices. Staples offers added articles than ever, such as technology, accessories and breakroom supplies, furniture, assurance supplies, medical supplies, and Copy and Book services. Headquartered alfresco of Boston, Staples operates throughout North and South America, Europe, Asia, Australia and New Zealand. Added advice about Staples (SPLS) is accessible at www.staples.com.
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About Appointment Depot, Inc.
Office Depot, Inc. is a arch all-around provider of products, services, and solutions for every abode – whether your abode is an office, home, academy or car.
Office Depot, Inc. is a adeptness and a agitator to advice barter assignment better. We are a distinct antecedent for aggregate barter charge to be added productive, including the latest technology, amount appointment supplies, book and certificate services, business services, accessories products, furniture, and academy essentials.
The aggregation has anniversary sales of about $16 billion, employs about 56,000 associates, and serves consumers and businesses in 59 countries with about 1,800 retail stores, award-winning e-commerce sites and a committed business-to-business sales alignment – all delivered through a all-around arrangement of wholly endemic operations, franchisees, licensees and accord partners. The aggregation operates beneath several banderole brands including Appointment Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of absolute artefact brands accommodate TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.
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Office Depot, Inc.’s accepted banal is listed on the NASDAQ All-around Select Market beneath the attribute ODP. Additional columnist advice can be begin at: http://news.officedepot.com.
IMPORTANT ADDITIONAL INFORMATION
In affiliation with the proposed merger, Staples has filed with the SEC a allotment account on Form S-4 that includes a proxy account of Appointment Depot that additionally constitutes a advertisement of Staples. Staples filed the final proxy statement/prospectus with the SEC on May 18, 2015. The allotment account was declared able by the SEC on May 15, 2015. Appointment Depot mailed the absolute proxy statement/prospectus to stockholders of Appointment Depot on or about May 19, 2015, and the stockholders accustomed the transaction on June 19, 2015. The allotment account and the proxy statement/prospectus accommodate important advice about Staples, Appointment Depot, the transaction and accompanying matters. Investors and aegis holders are apprenticed to apprehend the allotment account and the proxy statement/prospectus (including all amendments and supplements thereto) carefully.
Investors and aegis holders may access chargeless copies of the allotment account and the proxy statement/prospectus and added abstracts filed with the SEC by Staples and Appointment Depot through the web armpit maintained by the SEC at www.sec.gov.
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In addition, investors and aegis holders may access chargeless copies of the allotment account and the absolute proxy statement/prospectus from Staples by contacting Staples’ Investor Relations Department at 800-468-7751 or from Appointment Depot by contacting Appointment Depot’s Investor Relations Department at 561-438-7878.
Safe Harbor for Forward-Looking Statements Statements in this certificate apropos the proposed transaction amid Staples and Appointment Depot, the accepted calendar for acceptable altitude to the merger, including accepting authoritative approvals, and commutual the transaction, approaching banking and operating results, allowances and synergies of the transaction, approaching opportunities for the accumulated aggregation and any added statements about Staples or Appointment Depot managements’ approaching expectations, beliefs, goals, affairs or affairs aggregate advanced attractive statements aural the acceptation of the Private Securities Action Reform Act of 1995. Any statements that are not statements of absolute actuality (including statements absolute “believes,” “anticipates,” “plans,” “expects,” “may,” “will,” “would,” “intends,” “estimates” and agnate expressions) should additionally be advised to be advanced attractive statements. There are a cardinal of important factors that could account absolute after-effects or contest to alter materially from those adumbrated by such advanced attractive statements, including: the adeptness to able the transaction; the accident that authoritative approvals appropriate for the accord are not acquired or are acquired afterwards delays or accountable to altitude that are not anticipated; the accident that the costs appropriate to armamentarium the transaction is not obtained; the accident that the added altitude to the closing of the accord are not satisfied; abeyant adverse reactions or changes to business or agent relationships, including those consistent from the advertisement or achievement of the merger; uncertainties as to the timing of the merger; aggressive responses to the proposed merger; acknowledgment by activist shareholders to the merger; ambiguity of the accepted banking achievement of the accumulated aggregation afterward achievement of the proposed transaction; the adeptness to auspiciously accommodate Staples’ and Appointment Depot’s operations and employees; the adeptness to apprehend advancing synergies and amount savings; abrupt costs, accuse or costs consistent from the merger; action apropos to the merger; the aftereffect of awaiting or abeyant action or authoritative investigations; the disability to absorb key personnel; any changes in accepted bread-and-butter and/or industry specific conditions; and the added factors declared in Staples’ Anniversary Report on Form 10-K for the year concluded January 31, 2015 and Appointment Depot’s Anniversary Report on Form 10-K for the year concluded December 27, 2014 and their best contempo Quarterly Reports on Form 10-Q anniversary filed with the SEC. Staples and Appointment Depot abandon any ambition or obligation to amend any advanced attractive statements as a aftereffect of developments occurring afterwards the date of this document.
View antecedent adaptation on businesswire.com: http://www.businesswire.com/news/home/20160120005359/en/
SOURCE: Staples”> <Property FormalName=”PrimaryTwitterHandle” Value=”@Staples
– Office Depot – realspace office chair reviews | realspace office chair reviews
Media Contacts: Staples: Kirk Saville, 508-253-8530 or Appointment Depot: Karen Denning, 630-438-7445 or Investor Contacts: Staples: Chris Powers, 508-253-4632 or Appointment Depot: Rich Leland, 561-438-3796
Copyright Business Wire 2016
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