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CMS Francis Lefebvre Avocats adviser to shareholders of Lyreco SAS as to the merger with Corporate Express NV

21/05/2008

On 21 May 2008, Lyreco SAS shareholders announced that they entered into a merger agreement with Corporate Express NV.


On 21 May 2008, Lyreco SAS shareholders announced that they entered into a merger agreement with Corporate Express NV under which Corporate Express NV will acquire 100% of the share capital of Lyreco SAS in consideration of a stake of 29,9% in Corporate Express NV paid by Lyreco SAS shareholders and of Euro900M cash. The purpose is to create the worldwide number one supplier of office products to enterprises with a combined turnover amounting to Euro7,8bn. The signing of this transaction occurs while Corporate Express NV is subject to a hostile takeover bid by Staples, an American corporation.

Advisers acting for this deal were as follows :

Advisers to Lyreco SAS shareholders :

  • Legal advisers
    - CMS Francis Lefebvre Avocats - M&A : Philippe Rosenpick, Jean-Robert Bousquet ; Tax & Structuring: Frédéric Winkler, Bruno Peillon, Vanessa Mougeolle
    - Simmons & Simmons Pays-Bas - Jean Pierre van Leeuwe, Pieter van Uchelen, Rhamsey Croes
  • Financial advisers
    - Rothschild & Cie - M&A : Philippe Lansade, Frank Cygler, Bertrand Deleuse, Jean Clavel ; Financing: Carl Bassili

Advisers to Corporate Express NV :

  • Legal advisers: Allen & Overy - M&A : Marteen Muller, Charles Holst
  • Financial advisers : JP Morgan (George Holst, Peter Kerckhoffs) / Deutsche Bank



For further information, please contact :
CMS Francis Lefebvre Avocats 
Florence Jouffroy / Tel: +33 1 47 38 40 32
Laetitia Mostowski / Tel: +33 1 47 38 40 74