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Industry: Email Alert RSS FeedStaples.com shareholders approve tracking stock plan
Discount Store News, Nov 22, 1999
WESTBOROUGH, MASS. -- Shareholders of Staples.com approved the company's plan to create a separate tracking stock to reflect the e-commerce operation. With the new stock, Staples' existing shareholders will retain a significant majority interest in the e-tailer. The tracking stock will include the company's three e-commerce sites: www.staples.com, www.quillcorp.com and www.stapleslink.com.
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The company will offer shares of stock to employees and may eventually file for an IPO.
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