|Staples Inc. Secondary Offering Priced At $29 3/8 Per Share|
| Business Editors|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--July 15, 1999--Staples Inc. (NASDAQ:SPLS) today announced that the secondary public offering of 11,107,473 shares of its common stock was priced at $29 3/8 per share.
All of the shares were offered by members of the Miller family,
former owners of Quill Corporation, which was acquired by Staples in
May 1998. Members of the Miller family also have granted the
underwriters of the offering an option to purchase an additional
1,666,121 shares to cover over-allotments. The company did not sell
any shares in the offering.
Morgan Stanley Dean Witter and Goldman, Sachs & Co. are joint
book-running managers for the offering.
A copy of the final prospectus relating to the offering may be
obtained from Morgan Stanley Dean Witter, Prospectus Department, 1585
Broadway, New York, NY 10036, telephone: 212-761-8570, or from
Goldman, Sachs & Co., attn: Prospectus Department, 85 Broad Street,
New York, NY, 10004, telephone: 212-902-1171 or 1172.
Staples Inc. is a $7 billion retailer of office supplies,
furniture and technology to consumers and businesses in the United
States, Canada, the United Kingdom and Germany. The company has over
44,000 employees serving customers through more than 900 office
superstores, mail order catalogs, e-commerce and a contract business.
--30--bh/bos* CONTACT: Staples Inc. John Mahoney, 508/253-7342 firstname.lastname@example.org or Shannon Lapierre, 508/253-8468 email@example.com KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: RETAIL