Staples Closes Acquisition Of PNI Digital Media - Quick Facts

(RTTNews) - Staples, Inc. (SPLS) and PNI Digital Media Inc. (PN.TO) said that Staples has completed the previously announced acquisition of all of the issued and outstanding common shares of PNI for consideration of C$1.70 per share.

The company noted that PNI common shares are expected to be delisted from the Toronto Stock Exchange and the OTC QB marketplace on or about July 16, 2014.

The company said PNI also intends to submit applications and notices shortly, as applicable, to cease to be a reporting issuer, to voluntarily terminate the registration of the PNI common shares under the United States Securities Exchange Act of 1934, as amended, and to otherwise terminate its public reporting requirements as soon as possible.