CE undertaking strategic review

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26 June 2007 — Amsterdam (NL): Corporate Express’ (CE) executive board expects to complete a comprehensive strategic review within the next three months.

The purpose of this review, commenced in March, is "to provide insight in how the company’s full potential can be achieved in order to find the best way forward to build shareholder value".

 

CE says the review will also address market dynamics such as competition and opportunities for growth.

 

The board’s conclusions and proposed strategic actions will be published following completion of the review and the subsequent evaluation of its findings.

 

Earlier this month OPI reported that CE has become the target of intense take-over speculation after it emerged "a small number" of activist investors are currently circling the troubled giant.