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Staples Inc (SPLS.O)

SPLS.O on Nasdaq

8.61USD
11:22am EDT
Change (% chg)

$0.10 (+1.18%)
Prev Close
$8.51
Open
$8.54
Day's High
$8.68
Day's Low
$8.48
Volume
1,128,859
Avg. Vol
7,045,990
52-wk High
$11.37
52-wk Low
$7.24

Latest Key Developments (Source: Significant Developments)

Platinum Equity to buy Staples' business in Australia and New Zealand
Monday, 13 Mar 2017 05:30pm EDT 

Staples Inc : Platinum equity to acquire staples' business in australia and new zealand . Staples inc - platinum equity will acquire staples' business in australia and new zealand for an undisclosed sum . Staples inc - following transition to new ownership, divested business will continue to operate under staples brand in australia and new zealand . Staples inc - morgan stanley is acting as exclusive financial advisor to staples .Staples - divested business to continue to operate under staples brand in australia, new zealand for short period of time while new corporate brand is created.  Full Article

Staples Q4 adjusted earnings per share from continuing operations $0.25
Thursday, 9 Mar 2017 06:00am EST 

Staples Inc : Qtrly non-GAAP earnings per diluted share from continuing operations $0.25 . Total company sales for Q4 of 2016 were $4.6 billion, a decrease of three percent compared to Q4 of 2015 . Q4 2016 results from continuing operations include pre-tax charges of $791 million . Total company comparable sales for Q4 of 2016 declined one percent compared to Q4 of 2015 . For Q1 of 2017, company expects to achieve fully diluted non-GAAP earnings per share from continuing operations in range of $0.15 to $0.18 . Company plans to close approximately 70 stores in North America in 2017 . For full year 2017, company expects to generate at least $500 million of free cash flow . Company plans to close approximately 70 stores in North America in 2017 . North American delivery sales for Q4 of 2016 were $2.6 billion, a decline of one percent compared to Q4 of 2015 . Q4 GAAP loss per share $0.94 from continuing operations .North American retail sales for Q4 of 2016 were $1.6 billion, a decrease of eight percent compared to Q4 of 2015.  Full Article

Staples sets quarterly cash dividend of $0.12per share
Tuesday, 7 Mar 2017 04:15pm EST 

Staples Inc :Sets quarterly cash dividend of $0.12per share.  Full Article

Staples says entered into a sale and purchase agreement with Promontoria Holding 192 B.V.
Thursday, 2 Feb 2017 04:18pm EST 

Staples Inc : Staples - On Feb 2, co, units entered into a sale and purchase agreement with Promontoria Holding 192 B.V. - sec filing .Staples Inc- agreement to sell retail, contract and online businesses of company and its affiliates in Europe - sec filing.  Full Article

Staples says Cerberus to buy controlling stake in Co’s European business
Wednesday, 7 Dec 2016 10:29am EST 

Staples Inc : At completion of sale, Staples shall be obligated to deliver Staples Solutions B.V. & Units with unrestricted cash of EUR 20.0 million . At completion of sale, Staples also obligated to pay Staples Solutions B.V. & Units with estimated EUR 140.0 million . Co,Cerberus entered agreement in relation to sale of a controlling interest in Staples’ European operations to a Cerberus affiliate . Cerberus to pay EUR 50.0 million for 85 percent stake in Co's European business .In connection with initial classification as held for sale, Co expects non-cash charges in range of about $220 million to $240 million in Q4 2016.  Full Article

Cerberus Capital to acquire Staples' European business
Wednesday, 7 Dec 2016 05:00am EST 

Staples Inc : Cerberus capital management to acquire Staples' European business . Staples is retaining a 15 percent equity interest in business . Staples - upon closing of transaction, Staples Europe business will be separated into a privately-held company controlled by an affiliate of Cerberus . Company will operate under Staples banner name and other sub-brands in European markets . Europe business will be separated into privately-held company controlled by affiliate of cerberus . Says new company will enter into a licensing agreement with Staples for use of certain staples intellectual property .Cerberus Capital Management to acquire Staples' European business.  Full Article

Staples sets quarterly cash dividend of $0.12 per share
Tuesday, 6 Dec 2016 06:00pm EST 

Staples Inc :Sets quarterly cash dividend of $0.12per share.  Full Article

Staples Inc enters into a new credit agreement
Tuesday, 22 Nov 2016 04:53pm EST 

Staples Inc - : On November 22, 2016 entered into a credit agreement . New credit agreement provides for a maximum borrowing of $1.0 billion in U.S. dollars and alternative currencies - SEC filing . Staples may increase borrowing limit to $1.5 billion - SEC filing .Amounts under new credit agreement may be borrowed until Nov 22, 2021, which maturity date may be extended up to Nov 22, 2023.  Full Article

Staples says as Q3 ens the company still in the process of evaluating a potential sale of its European Operations
Thursday, 17 Nov 2016 06:41am EST 

Staples Inc : Staples - As of end of Q3, the company was still in the process of evaluating a potential sale of its European Operations - SEC filing . Staples - As of the end of Q3, concluded that its European Operations did not meet the criteria to be classified as held for sale . Staples in 10Q filing - Decision regarding a potential sale of European Operations is expected in the fourth quarter of 2016 . Staples - Expects to recognize a loss estimated at $70 - $80 million in Q4 from sale of retail business in the United Kingdom .Staples - Staples UK retail generated sales of $177 million during the year-to-date 2016.  Full Article

Staples appoints Shira Goodman as CEO
Monday, 26 Sep 2016 08:00am EDT 

Staples Inc : Staples appoints Shira Goodman as CEO . Appointment of Shira Goodman as its president and chief executive officer and as a member of its board, effective immediately .Goodman was appointed interim chief executive officer in May 2016.  Full Article

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