Staples Settles Its Offer for All Outstanding Securities of CE

In this news release Staples is confirming that the offer for the outstanding securities has been settled. Investors who have not yet tendered their securities can still do so until July 16th. It was very interesting to observe that the ordinary shares have been trading recently for prices well above the offer price of EUR 9.25, which seems quite strange. I can only think of a last minute short squeeze, but admittedly, this is not a very satisfactory explanation.
We also learn that it is expected that the last day of trading of ADS's on the NYSE will be on or about July 18, and the last day of trading of the ordinary shares and preference A shares on Euronext will be on August 6. (end of post)