Ron Sargent: "A match made in heaven"

In this article on CNN Money, statements from Ron Sargent, the CEO of Staples can be found, indicating that he believes the deal is a match made in heaven at a terrific price for shareholders. He also informs us that he has no intention to acquire the CE-Lyreco combination. In the coming weeks Staples will talk to European institutional shareholders and try to convince them to back the deal. Dutch website DFT also gives us some additional information, mentioning that Ron Sargent called Peter Ventress at 1 am to inform him about the increased offer. Mr. Sargent was pleased that Mr. Ventress did not hang up on him, but promised to study the revised offer. DFT mentioned that ING is one of the institutional shareholders Staples will have discussions with. (end of post)