After shopping 58.6% of Corporate Express in the summer of 2008, Staples bid an additional $350 million on Wednesday to take the superfluous 41.4% of the Australian bureau supply company. The Framingham, Mass., association charity $5.60 per share in money for all 168.1 million superb shares of Corporate Express Australia. Staples ( SPLS - news - people ) additionally pronounced it would perform the companys early Mar guarantee to lot out an 11.5 cents (or A$.125) per share dividend, that is approaching to be paid on April 14. Including the dividend, Staples is charity $5.73 per share. emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/17/staples-corporate-express-markets-equities-acquisitions.html?partner=yahoobuzzCorporate Express requested a special division of up to 72 cents (or A$0.78) per share, that is still theme to capitulation by the Australian Tax Office. If approved, the suggest cost will be marked down by the volume of the special dividend.On headlines of the buyout shares of Corporate Express skyrocketed 24.1%, or $1.11 to $5.71 in Wednesday trade on the Australian Securities Exchange. Staples remained prosaic at $23.63 in midday trade on the NASDAQ."This allows us to some-more effectively residence the Australian marketplace and emanate larger worth for the business and associates," says Ron Sargent, arch senior manager of Staples. Last week Staples voiced that it would lift the own quarterly division to 9 cents per share, up from 8.25 cents. The division will be paid on Apr. fourteen to shareholders on jot down as of Mar 26.
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