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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D/A* |
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[Rule 13d-101]
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT
TO RULE § 240.13d-2(a)
Under
the Securities Exchange Act of 1934
(Amendment No. 1)*
Corporate Express N.V.
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
Not Applicable
(CUSIP Number)
Kristin A. Campbell
Senior Vice President, General Counsel and Secretary
Staples, Inc.
500 Staples Drive
Framingham, MA 01702
(508) 253-1690
(Name,
Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 4, 2008
(Date
of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. |
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1. |
Names of Reporting Persons |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of
Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type
of Reporting Person (See Instructions) |
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* This amount does not include 42,701,904 Ordinary Shares subject to Irrevocable Undertakings for which Staples Acquisition B.V. does not have voting or dispositive power. The form of Irrevocable Undertaking is attached hereto as Exhibit 99.2.
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CUSIP No. |
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1. |
Names of Reporting Persons |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of
Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type
of Reporting Person (See Instructions) |
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* This amount does not include 42,701,904 Ordinary Shares subject to Irrevocable Undertakings for which Staples, Inc. does not have voting or dispositive power. The form of Irrevocable Undertaking is attached hereto as Exhibit 99.2.
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This Amendment No. 1 to Schedule 13D (this Amendment No. 1) amends the Schedule 13D originally filed with the United States Securities and Exchange Commission (the SEC) on June 16, 2008 (the Schedule 13D), relating to the beneficial ownership by Staples, Inc. (Staples) and Staples Acquisition B.V. (Staples Acquisition) of the Ordinary Shares, nominal value of EUR 1.20 per share (the Shares) of Corporate Express N.V., a public limited liability company incorporated under the laws of The Netherlands (the Issuer), having its statutory seat in Maastricht and its registered office at Hoogoorddreef 62, 1101 BE Amsterdam Zuidoost, The Netherlands.
Staples and Staples Acquisition are filing this Amendment No. 1 to provide corrected information concerning the purchase price of certain Shares that Staples Acquisition purchased from a shareholder of the Issuer on June 10, 2008. Capitalized terms used and not defined in this Amendment No. 1 have the meanings set forth in the Schedule 13D. Unless specifically amended in this Amendment No. 1, the disclosures set forth in the Schedule 13D shall remain unchanged.
Item 3. |
Source and Amount of Funds or Other Consideration |
Item 3 is hereby restated in its entirety as follows: |
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Staples Acquisition used an aggregate of EUR 224,763,430 to purchase the shares. The source of the funds for the purchase was the working capital of Staples. |
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Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
Item 6 is hereby restated in its entirety as follows: |
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Purchase Agreements
On June 4, 2008, Staples Acquisition entered into Sale and Purchase and Voting Agreements (the Purchase Agreements) with certain shareholders of the Issuer, pursuant to which Staples Acquisition agreed to purchase an aggregate of 22,456,115 Shares at a price of EUR 9.15 per Share, or total consideration of EUR 205,473,452.25. In addition, these selling shareholders, who owned the Shares on the record date of May 29, 2008 for the Issuers extraordinary shareholders meeting scheduled for June 18, 2008 (the EGM), granted Staples Acquisition the power of attorney to cast their votes against the Issuers proposed merger with Lyreco SAS (Lyreco) during the EGM. As announced by the Issuer, the EGM will take place but there will not be a vote on a proposed merger with Lyreco.
On June 10, 2008, prior to executing a Merger Protocol with the Issuer (as described below), Staples Acquisition entered into a Purchase Agreement with a shareholder of the Issuer, pursuant to which Staples Acquisition agreed to purchase 2,085,403 Shares, in a transaction other than a regular on market transaction, at a price of EUR 9.25 per Share, or total consideration of EUR 19,289,977.75.
The Purchase Agreements are identical in all material respects and the form of Purchase |
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Agreement is attached hereto as Exhibit 99.1. The following table lists each selling shareholder, and the number of Shares purchased from, and the total consideration paid to, each selling shareholder:
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Consideration |
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Selling Shareholder Name |
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Shares Purchased |
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Paid (in EUR) |
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Funds associated with Alpine Associates |
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1,020,000 |
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9,333,000.00 |
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Arbitrage Associates L.P. |
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355,923 |
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3,256,695.45 |
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Funds associated with Brencourt Merger Arbitrage Funds |
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522,760 |
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4,783,254.00 |
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Carlson Capital, L.P. |
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622,478 |
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5,695,673.70 |
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Castlerigg Master Investments Ltd. |
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3,763,742 |
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34,438,239.30 |
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Funds associated with Chesapeake Partners |
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1,301,803 |
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11,911,497.45 |
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Cheyne Special Situations Fund LP and Cheyne Vista Fund LP |
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1,700,000 |
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15,555,000.00 |
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Credit Industriel et Commercial |
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250,000 |
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2,287,500.00 |
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Davidson Kempner Institutional Partners, L.P. |
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2,167,876 |
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19,836,065.40 |
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Good Steward Trading Company SPC |
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15,000 |
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137,250.00 |
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Funds associated with Gruss Asset Management, LLP |
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4,560,833 |
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41,731,621.95 |
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Funds associated with Havens Advisors, L.L.C. |
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362,629 |
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3,318,055.35 |
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HFR MA Opportunity Master Trust |
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5,900 |
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53,985.00 |
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Institutional Benchmark Series Limited |
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38,400 |
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351,360.00 |
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Funds associated with Kellner DiLeo & Co. |
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114,586 |
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1,048,461.90 |
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Funds associated with Lucerne Capital Management, LLC |
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1,263,312 |
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11,559,304.80 |
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Lyxor/Havens International Fund Limited |
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47,761 |
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437,013.15 |
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Lyxor/Tiedemann Arbitrage Associates Fund Limited |
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104,108 |
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952,588.20 |
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Madoff Securities International Limited |
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20,163 |
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184,491.45 |
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Magnetar Capital Master Fund, Ltd |
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2,085,403 |
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19,289,977.75 |
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Man Mac Pilatus 1A Ltd |
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351,000 |
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3,211,650.00 |
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MAN MAC Schreckhorn 14B Limited |
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153,343 |
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1,403,088.45 |
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The Merger Fund |
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505,000 |
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4,620,750.00 |
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MKM Longboat Multi-Strategy Master Fund Ltd. |
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139,000 |
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1,271,850.00 |
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Morgan Stanley & Co. International PLC |
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250,000 |
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2,287,500.00 |
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Octavian Special Master Fund, LP |
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760,588 |
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6,959,380.20 |
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Palisades Partners, L.P. |
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29,300 |
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268,095.00 |
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Partners Group Alternative Strategies PCC Limited |
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20,910 |
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191,326.50 |
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SR GGI Master MA, Ltd. |
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85,700 |
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784,155.00 |
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Tisbury Master Fund Limited |
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299,000 |
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2,735,850.00 |
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Trafalgar Catalyst Fund |
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1,625,000 |
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14,868,750.00 |
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Irrevocable Undertakings
On June 3, 2008, Staples Acquisition entered into Irrevocable Undertakings with certain shareholders of the Issuer. Pursuant to the Irrevocable Undertakings, the shareholders agreed (i) to tender their shares into the Offer, and (ii) to vote against the Issuers proposed merger with Lyreco at the EGM. As announced by the Issuer, the EGM will take place but there will not be a vote on a proposed merger with Lyreco.
The Irrevocable Undertakings are identical in all material respects and the form of Irrevocable Undertaking is attached hereto as Exhibit 99.2. The following table lists each shareholder
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who entered into an Irrevocable Undertaking, and the number of Shares of each shareholder that are subject to the Irrevocable Undertaking:
Shareholder |
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Shares |
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PSAM llp |
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4,031,995.00 |
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York Capital Management |
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10,938,965.00 |
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Jabre Capital Partners SA |
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4,036,216.00 |
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Halcyon Asset Management LLC and Halcyon Offshore Asset Management LLC |
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11,500,000.00 |
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Centaurus Capital Ltd. |
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12,194,728.00 |
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Merger Protocol
On June 10, 2008, Staples and Staples Acquisition entered into a Merger Protocol with the Issuer. The Merger Protocol relates to the Offer. The acceptance period under the Offer ends on June 27, 2008, unless extended.
The Merger Protocol includes the unanimous recommendations of the executive and supervisory boards of the Issuer in favor of the Offer.
The Merger Protocol is attached as Exhibit 2.1 to Staples Current Report on Form 8-K dated June 16, 2008 (the June 16, 2008 Form 8-K) and is incorporated by reference herein.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 1 is true, complete and correct.
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Dated: June 17, 2008 |
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STAPLES ACQUISITION B.V. |
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By: |
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/s/ Christine Komola |
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Name: |
Christine Komola |
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Title: |
Director |
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STAPLES, INC. |
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By: |
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/s/ Kristin Campbell |
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Name: |
Kristin Campbell |
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Title: |
Senior Vice President, General |
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Counsel and Secretary |
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