Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Staples, Inc.    SPLS   US8550301027


News SummaryMost relevantAll newsSector news 

Pantaloon Retail: Not In Deal To Sell Stake In Staples Joint Venture

03/01/2012 | 08:20am US/Eastern

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;

Stocks mentioned in the article : Staples, Inc., Pantaloon Retail (India) Limited
React to this article
Latest news on STAPLES, INC.
04/23 STAPLES : Acquires Makr to Make More Design Services Happen
04/22 MARTHA STEWART LIVING OMNIMEDIA : and Staples Announce New Strategic Collaborati..
04/22 STAPLES : 10 Environmentally Conscious Schools Each Win $25,000 Worth of Technol..
04/21 STAPLES : Canada Releases 2014 Sustainability Achievements
04/20 STAPLES : Enters into Agreement to Acquire Accolade Promotion Group, Canada&rsqu..
04/20 STAPLES : Enters into Agreement to Acquire Accolade Promotion Group, Canada's Le..
04/20 STAPLES : Names Peter J. Scala to Executive Vice President Merchandising
04/18 STAPLES : Updates on Addition of Kunal Kamlani to Board of Directors
04/17 STAPLES : Survey Reveals Employees Feel Their Companies Can Do More to Be Sustai..
04/15 STAPLES : Fitch Rates Staples' New Credit Facilities 'BBB-/RR1'
Duration : Period :
Staples, Inc. Technical Analysis Chart | SPLS | US8550301027 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes