Edition:
United States

Staples Inc (SPLS.O)

SPLS.O on Nasdaq

9.17USD
13 Jan 2017
Change (% chg)

$-0.08 (-0.86%)
Prev Close
$9.25
Open
$9.27
Day's High
$9.38
Day's Low
$9.12
Volume
3,188,755
Avg. Vol
7,617,422
52-wk High
$11.37
52-wk Low
$7.24

Latest Key Developments (Source: Significant Developments)

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

Staples Q2 GAAP loss per share $1.18
Wednesday, 17 Aug 2016 06:00am EDT 

Staples Inc : Q2 gaap loss per share $1.18 . Expects to achieve fully diluted non-gaap earnings per share in range of $0.32 to $0.35 for q3 of 2016 . For q3 of 2016, company expects sales to decrease versus q3 of 2015 . Qtrly north american stores comparable sales down 4% . Q3 earnings per share view $0.35, revenue view $5.42 billion -- Thomson Reuters I/B/E/S . Total company sales for q2 of 2016 were $4.8 billion, a decrease of four percent . Q2 non-gaap earnings per share $0.12 excluding items . Company plans to close at least 50 stores in north america in 2016. . Company's q3 "earnings guidance excludes potential charges related to company's strategic plans" .Q2 earnings per share view $0.12, revenue view $4.77 billion -- Thomson Reuters I/B/E/S.  Full Article

Staples names Steve Matyas, President North American Retail
Monday, 11 Jul 2016 06:57am EDT 

Staples Inc :Staples names Steve Matyas, President North American Retail.  Full Article

Staples says sets quarterly cash dividend of $0.12 per share
Tuesday, 14 Jun 2016 04:45pm EDT 

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

Staples to roll out same-day delivery service "staples rushSM"
Tuesday, 14 Jun 2016 06:57am EDT 

Staples Inc : Staples to roll out same-day delivery service "staples rushSM" . Service live in parts of Boston, Dallas, and Manhattan with Chicago, Houston, Los Angeles, San Francisco and Seattle to follow shortly .Customers placing orders by 3:00 p.m. Local time Monday - Friday on staples.com can have orders delivered by 7:00 p.m., initially for $14.99/delivery.  Full Article

Photo

FTC chairwoman to step down, leaving three vacancies

WASHINGTON U.S. Federal Trade Commission Chairwoman Edith Ramirez will step down next month after more than three years as chair and six at the agency under Democratic President Barack Obama, the FTC said on Friday.