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Staples Inc (SPLS.O)

SPLS.O on Nasdaq

10.19USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Staples Inc sees ‍north American delivery business​ sales between $2,495 mln - $2,585 mln
Thursday, 10 Aug 2017 08:47am EDT 

Aug 10 (Reuters) - Staples Inc ::Staples Inc sees ‍north American delivery business​ sales, as reported under U.S. GAAP, for quarter ended July 29, 2017 to be between $2,495 million - $2,585 million.Staples Inc sees ‍ nad sales, as adjusted for thirteen weeks ended July 29, 2017, to be between $2,400 million and $2,500 million​.Staples Inc sees ‍nad segment operating income, as reported under U.S. GAAP, for thirteen weeks ended July 29, 2017 to be between $135 million and $143 million​.Staples - ‍now expects to increase aggregate principal amount of previously disclosed senior secured term loan facility from $2,400 million to $2,700 million​.Staples - ‍ now expects to decrease to aggregate principal amount of senior unsecured notes to be offered in offering by arch merger sub to $1,300 million.  Full Article

Staples announces cash tender offer, consent solicitation
Monday, 31 Jul 2017 07:00am EDT 

July 31 (Reuters) - Staples Inc ::Staples Inc announces cash tender offer and consent solicitation for its 4.375% notes due 2023.Staples- Commenced tender offer to purchase for cash any and all of its $500 million aggregate principal amount of outstanding 4.375% senior notes due 2023​.Staples Inc - ‍tender offer will expire on August 25​.  Full Article

Staples announces early termination of Hart-Scott-Rodino waiting period
Thursday, 27 Jul 2017 08:30am EDT 

July 27 (Reuters) - Staples Inc :Announces early termination of hart-scott-rodino waiting period.‍on July 26, U.S. FTC granted early termination of waiting period under Hart-Scott-Rodino antitrust improvements act of 1976​.‍Early termination granted with respect to pending acquisition of Staples by investment funds managed by Sycamore Partners​.  Full Article

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

BRIEF-Staples prices $1 billion senior notes offering

* Staples, inc. Announces pricing of $1 billion senior notes of arch merger sub inc.