Staples is considering all options

The initial reaction from Staples just came out. Not very surprising, and very short:

Staples, Inc. Acknowledges The Corporate Express N.V. Proposed Acquisition Of Lyreco SAS

FRAMINGHAM, Mass.--(BUSINESS WIRE)--May 21, 2008--In light of today's news about the proposed Corporate Express N.V. acquisition of Lyreco SAS, Staples, Inc.(Nasdaq: SPLS) and Staples Acquisition B.V. are considering all options.

Staples Acquisition reaffirms that its all cash offer of EUR 8.00 per ordinary share delivers certain, immediate and superior value to Corporate Express shareholders. Staples Acquisition's offer does so without the substantial execution and other risks inherent in Corporate Express' long-term plans, with or without the addition of Lyreco. (end of post)