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4-Traders Homepage  >  Equities  >  Nasdaq  >  Staples, Inc.    SPLS

Delayed Quote. Delayed  - 07/28 06:14:02 pm
9.205 USD   -0.49%
07/21 STAPLES : Canada Releases Top Trends, Must-Haves for 2016 Back-To-Sc..
07/19 STAPLES : Surprise Donation of More Than $185,000 from Staples Funds..
07/13 STAPLES : Partners with Boys & Girls Clubs of America to Enable Yout..
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Pantaloon Retail: Not In Deal To Sell Stake In Staples Joint Venture

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03/01/2012 | 02:20pm CEST

Pantaloon Retail (India) Ltd. (523574.BY) said Thursday it hasn't entered into any transaction to sell its stake in a joint venture with Staples Inc. (>> Staples, Inc.) to the U.S.-based office-supplies retailer.

"The company shall inform about any firm and binding decision no sooner approved by the board, to the regulators and the shareholders," Pantaloon Retail said in a notice sent to the stock exchanges.

The notice comes in response to an Economic Times report, citing two unidentified analysts, that said Pantaloon is planning to sell its stake in a deal which could fetch the company about INR2 billion ($41 million).

As of March 31, 2011, Pantaloon held a 39.49% stake in the joint venture with Staples, the newspaper reported.

-By Rumman Ahmed, Dow Jones Newswires; 91-9845104173; rumman.ahmed@dowjones.com

Stocks mentioned in the article : Staples, Inc., Pantaloon Retail (India) Limited
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Financials ($)
Sales 2017 20 423 M
EBIT 2017 930 M
Net income 2017 531 M
Debt 2017 991 M
Yield 2017 5,16%
P/E ratio 2017 10,96
P/E ratio 2018 10,07
EV / Sales 2017 0,34x
EV / Sales 2018 0,32x
Capitalization 5 978 M
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Mean consensus HOLD
Number of Analysts 16
Average target price 9,55 $
Spread / Average Target 3,2%
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Shira D. Goodman Chief Executive Officer
Ronald L. Sargent Chairman
Christine T. Komola Chief Financial Officer & Executive Vice President
Thomas Conophy Chief Information Officer & Executive VP
Paul F. Walsh Independent Director
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