|Staples, Inc. Permits its Shareholder Rights Plan to Expire|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--March 30, 2004--Staples, Inc. (Nasdaq: SPLS) announced today that its board of directors decided not to renew its shareholder rights plan, commonly referred to as a "Poison Pill," which expired by its terms earlier this year.
Staples, Inc. is headquartered outside of Boston and sells a wide range of office products, including supplies, technology, furniture, and business services. With 2003 sales of $13.2 billion, Staples is committed to make buying office products easy. Approximately 60,000 associates serve consumers and businesses of all sizes -- from home-based businesses to Fortune 500 companies in the US, Belgium, Canada, France, Germany, Italy, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. Staples invented the office superstore concept and today, with nearly 1,600 office superstores, is the largest operator of office superstores in the world. Staples also serves its customers through its mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com.
CONTACT: Staples, Inc.