Tag: CXP

Corporate Express Australia has copped a $1 billion mop up bid from its major shareholder, the Staples office supplies chain of the US.

Shares in office products supplier, Corporate Express (CXP) fell 3.25% to a 52-week low of $5.65 after it said on Thursday its full-year net profit rose 0.6%, affected by increased interest expenses.

Stationery and office supplies group, Corporate Express Australia (CXP) experienced a third quarter slowdown, but is confident about the full year's result.