Staples has announced the increase of its offer for Preference Shares A in the share capital of Corporate Express to EUR 3.60 . The shares have a a nominal value of EUR 1.20.  

According to Staples, the increased all cash offer per Preference Share A of EUR 3.60 for the Preference Shares A compares favourably to the intrinsic value of the preference shares plus accrued but unpaid dividends for 2008.  

The acceptance period for tendering ordinary shares, including ordinary shares represented by ADS's, depositary receipts of preference shares A and the two percent Subordinated Convertible Bonds due 2010, ends today.