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Staples Inc (SPLS.O)

SPLS.O on Nasdaq

10.09USD
21 Jul 2017
Change (% chg)

$-0.01 (-0.10%)
Prev Close
$10.10
Open
$10.09
Day's High
$10.11
Day's Low
$10.08
Volume
6,702,751
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9,204,256
52-wk High
$10.25
52-wk Low
$7.24

Latest Key Developments (Source: Significant Developments)

Staples to pay $171 mln termination fee ‍if deal with Sycamore Partners​ terminated‍​
Friday, 30 Jun 2017 06:40am EDT 

June 30 (Reuters) - Staples Inc :Staples - ‍if deal with Sycamore Partners​ is terminated under certain circumstances, Co to pay Arch Parent termination fee of $171 million - SEC filing‍​.Staples - Arch Parent will be required to pay company termination fee of $343 million in case deal with Sycamore Partners​ is terminated.  Full Article

Staples to be acquired by Sycamore Partners for about $6.9 bln in cash
Wednesday, 28 Jun 2017 05:32pm EDT 

June 28 (Reuters) - Staples Inc ::Staples, Inc enters into definitive agreement to be acquired by sycamore partners for $10.25 per share in cash, or approximately $6.9 billion.Staples inc says board of directors has unanimously approved merger agreement and recommends that all staples stockholders vote in favor of transaction.Staples Inc - deal closing is not subject to a financing condition‍​.Staples Inc says Barclays and Morgan Stanley & Co. Llc are acting as financial advisors and Wilmer Hale LLP is acting as legal advisor to staples.Staples inc - deal expected to close no later than December, 2017.  Full Article

U.S. CPSC says Staples recalls Hazen Mesh office chairs due to fall hazard
Tuesday, 20 Jun 2017 02:19pm EDT 

June 20 (Reuters) - U.S. Consumer Product Safety Commission::Staples recalls Hazen Mesh office chairs due to fall hazard.U.S. CPSC - Staples recalls about 124,000 Hazen Mesh office chairs due to fall hazard.U.S. CPSC - Staples has received 20 reports of legs breaking on chairs, including three reports of injuries resulting in minor cuts and bruises.U.S. CPSC - Recall was conducted voluntarily by company under CPSC'S fast track recall process.  Full Article

Staples Inc's board has declared a quarterly cash dividend on co's common stock of $0.12 per share​
Monday, 12 Jun 2017 05:08pm EDT 

June 12 (Reuters) - Staples Inc : :Says ‍board Of Directors has declared a quarterly cash dividend on Staples Inc common stock of $0.12 per share​.  Full Article

Staples rebuffs Cerberus offer; Sycamore still in the running - Bloomberg, citing sources
Thursday, 25 May 2017 10:41am EDT 

May 25 (Reuters) - :Staples rebuffs Cerberus offer; Sycamore still in the running - Bloomberg, citing sources.  Full Article

Staples says it recorded a loss of $907 mln related to sale of controlling interest in European operations in Q1 2017
Tuesday, 16 May 2017 06:43am EDT 

May 16 (Reuters) - Staples Inc :Staples Inc says in Q1 of 2017, recorded a loss of $907 million related to sale of controlling interest in European operations - SEC filing.Staples Inc says expect to generate about $300 million of annualized pre-tax cost savings by end of 2018.  Full Article

Staples says Q1 same store sales fell 3 percent
Tuesday, 16 May 2017 06:00am EDT 

May 16 (Reuters) - Staples Inc :Announces first quarter 2017 performance.Total company sales for Q1 of 2017 were $4.1 billion, a decrease of five percent.Sees Q2 2017 non-GAAP earnings per share $0.10 to $0.13 from continuing operations.Q1 same store sales fell 3 percent.Staples Inc says company remains on track to close approximately 70 stores in North America in 2017.On a GAAP basis, company reported Q1 net income from continuing operations of $105 million, or $0.16 per diluted share.Q1 GAAP earnings per share $0.16 from continuing operations.Q1 2017 results from continuing operations include pre-tax charges of $8 million primarily related to restructuring.Q1 non-GAAP earnings per share $0.17 from continuing operations excluding items.Q1 earnings per share view $0.17, revenue view $4.50 billion -- Thomson Reuters I/B/E/S.Staples Inc says for full year 2017, company expects to generate at least $500 million of free cash flow.Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Staples inc says "2017 is off to a good start".  Full Article

Staples names Brett Wahlin as Chief Information Security Officer
Monday, 8 May 2017 03:06pm EDT 

May 8 (Reuters) - Staples Inc ::Staples Inc names Brett Wahlin chief information security officer.Wahlin joins Staples from Hewlett-Packard Enterprise.  Full Article

Staples Inc is exploring a sale - Source
Tuesday, 4 Apr 2017 10:02am EDT 

: Staples Inc is exploring a sale; company is in talks with a small number of possible private-equity bidders – Source ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Staples explores possible sale of the company, in early talks with buyout firms - CNBC
Tuesday, 4 Apr 2017 09:40am EDT 

:Staples explores possible sale of the company, in early talks with buyout firms - CNBC.  Full Article

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DraftKings and FanDuel say merger will not lead to higher prices

WASHINGTON Daily fantasy sports companies DraftKings and FanDuel defended their planned merger on Wednesday, saying the deal would not lead to higher prices for players.