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U S Office Products Inc

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BUSINESS
January 30, 1997
U.S. Office Products Inc., a supplier, said Wednesday that it bought 13 companies, including Office Specialties of Buena Park, for nearly $150 million in cash and stock. The 13 acquisitions bring to 25 the number of companies acquired by Washington-based U.S. Office Products in its fiscal third quarter. Its fiscal year ends in April. The company wants to become a single source of products and services to office managers in businesses with fewer than 60 employees, said Donald H.
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BUSINESS
March 6, 2001 | Bloomberg News
U.S. Office Products Co., owner of Mail Boxes Etc., said it is selling most of its major assets and is filing for bankruptcy protection because of crushing debt and increased competition. The company will sell its North American units for $400 million, including reorganization costs, to Corporate Express Inc., a unit of Amsterdam-based Buhrmann, the world's largest distributor of office supplies. Office Products said Friday that it will sell Mail Boxes Etc. to United Parcel Service Inc.
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BUSINESS
May 23, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
U.S. Office Products has agreed to acquire San Diego-based Mail Boxes Etc., the largest nonfood franchiser in the nation, in a $267-million stock swap designed to give the acquiring company access to hundreds of thousands of small business customers.
BUSINESS
March 17, 2000 | Bloomberg News
U.S. Office Products Co. said it hired investment banker Credit Suisse First Boston to explore strategic alternatives for its Mail Boxes Etc. unit, including an initial public offering. The sale of an equity interest to one or more investors is also possible. San Diego-based Mail Boxes Etc. is the world's largest franchiser of mail services stores, with sales of about $1.5 billion.
BUSINESS
March 6, 2001 | Bloomberg News
U.S. Office Products Co., owner of Mail Boxes Etc., said it is selling most of its major assets and is filing for bankruptcy protection because of crushing debt and increased competition. The company will sell its North American units for $400 million, including reorganization costs, to Corporate Express Inc., a unit of Amsterdam-based Buhrmann, the world's largest distributor of office supplies. Office Products said Friday that it will sell Mail Boxes Etc. to United Parcel Service Inc.
BUSINESS
March 17, 2000 | Bloomberg News
U.S. Office Products Co. said it hired investment banker Credit Suisse First Boston to explore strategic alternatives for its Mail Boxes Etc. unit, including an initial public offering. The sale of an equity interest to one or more investors is also possible. San Diego-based Mail Boxes Etc. is the world's largest franchiser of mail services stores, with sales of about $1.5 billion.
BUSINESS
January 14, 1998 | Reuters
U.S. Office Products said it plans a restructuring that involves a share buyback, the spin-off of four units and the sale of 24.9% of the revamped company to a private investment firm. The supplier of office products and business services said it would spend $1 billion to repurchase about 37 million, or about 28%, of outstanding shares at $27 per share, incurring about $800 million in debt.
BUSINESS
January 14, 1998 | Reuters
U.S. Office Products said it plans a restructuring that involves a share buyback, the spin-off of four units and the sale of 24.9% of the revamped company to a private investment firm. The supplier of office products and business services said it would spend $1 billion to repurchase about 37 million, or about 28%, of outstanding shares at $27 per share, incurring about $800 million in debt.
BUSINESS
May 23, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
U.S. Office Products has agreed to acquire San Diego-based Mail Boxes Etc., the largest nonfood franchiser in the nation, in a $267-million stock swap designed to give the acquiring company access to hundreds of thousands of small business customers.
BUSINESS
January 30, 1997
U.S. Office Products Inc., a supplier, said Wednesday that it bought 13 companies, including Office Specialties of Buena Park, for nearly $150 million in cash and stock. The 13 acquisitions bring to 25 the number of companies acquired by Washington-based U.S. Office Products in its fiscal third quarter. Its fiscal year ends in April. The company wants to become a single source of products and services to office managers in businesses with fewer than 60 employees, said Donald H.
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