3:2 SPLIT !
Tuesday December 30, 4:55 pm Eastern Time
Company Press Release
Staples, Inc. Announces 3-for-2 Stock Split
WESTBOROUGH, Mass.--(BUSINESS WIRE)--Dec. 30, 1997--Staples, Inc.
(NASDAQ:SPLS - news), which pioneered the office products superstore industry and is the
largest operator of office superstores in the world, today announced that the Board of Directors
declared a 3-for-2 stock split to be effected as a 50% Common Stock dividend. The distribution of
the dividend will be made on or about January 30, 1998, to holders of record of Common Stock as
of the close of business on January 20, 1998.
Staples currently operates 738 office products superstores world wide. This includes 681 stores in
more than 150 markets across the U.S. and Canada, as well as 40 stores in the United Kingdom
and 17 in Germany. The Company operates a telephone order business, Staples Direct, and also has
contract stationer operations called Staples Business Advantage and Staples National Advantage,
which serve the needs of large regional and national corporations, respectively.
More information may be obtained from the Company's Investor Relations department by dialing
(800) INV-SPL1 or from the Company's website at staples.com . |
