GOOD DAY FOR: Persistence, after Staples again raised its bid for Dutch office-supply wholesaler Corporate Express, to $2.6 billion, following two rebuffed takeover attempts. Shareholders with 23.3 percent of Corporate Express stock have already agreed to sell to Staples. “The game is over,” said analyst Marcel Hooijmaijers at Landsbanki Kepler in Amsterdam. “This is a knock-out bid.” (Bloomberg)
BAD DAY FOR: Keeping the maiden name, after FedEx said it will stop using the Kinko’s name on its struggling copy and office services stores, using the name FedEx Office instead. The name change will result in a charge of $891 million. FedEx, which bought Kinko’s in 2004, said the change will better utilized the FedEx brand. (Reuters)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Christian extremism: Taking 'holy war' literallyFeature A self-proclaimed minister shot two lawmakers and kept a 'kill list' targeting Democratic officials and abortion providers
-
Iran: Is regime change possible?Feature The U.S.-Israeli attack exposed cracks in Iran's regime
-
What to know about private equity in your 401(k)the explainer BlackRock is making private investments available in employer-sponsored retirement plans
