Staples Completes Acquisition of PNI Digital Media

Staples Inc., Framingham, Mass., announced its completion of the acquisition of PNI Digital Media (PNI), Vancouver, British Columbia, Canada that was announced in May. The agreed upon cash transaction was $1.70 a share, which is approximately $73.9 million in Canadian dollars, or approximately $1.58 a share and $68.8 million total in U.S. currency.
PNI is a leading innovator in digital media solutions for more than 30,000 retailers, selling millions of personalized products each year.