Staples acquires PNI Digital Media

Staples Inc. acquired all the issued and outstanding common shares of PNI Digital Media Inc. for $1.70 per share, totaling approximately $74.1 million in aggregate, pursuant to a plan of arrangement under the Business Corporations Act (British Columbia).

Staples Inc. was represented in-house with a team led by Jason Ellis and Mark Weiss and by Stikeman Elliott LLP with a team including Donald Belovich, Paul Rakowski and Kristina Vranjkovic (M&A), John Lorito and Katy Pitch (Tax), Michael Kilby (Competition), Kelly O'Ferrall and William Hockin (Employment).

PNI Digital was represented by McMillan LLP with a team including Cory Kent, Amandeep Sandhu, David Andrews and Andjela Vukobrat (securities); Peter Botz (tax) and Herbert Ono (US securities).