Key Developments: Staples Inc (SPLS.O)
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18 Jun 2013
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Latest Key Developments (Source: Significant Developments)
Staples Inc Announces Second Quarter 2013 Dividend
Staples Inc announced that Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on July 18, 2013, to shareholders of record on June 28, 2013. Full Article
Staples Inc Reaffirms FY 2013 Guidance
Staples Inc reaffirmed fiscal 2013 guidance and expects sales to increase in the low single digits compared to 2012 sales on a 52 week basis of $23.9 billion. The Company expects fiscal 2013 diluted earnings per share (EPS) from continuing operations to be in the range of $1.30 to $1.35. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $23.8 billion and EPS of $1.32 for fiscal 2013. Full Article
Staples Inc Announces Quarterly Cash Dividend
Staples Inc announced that Board of Directors has declared a quarterly cash dividend on common stock of $0.12 per share, an increase of 9% over the previous quarterly cash dividend of $0.11 per share. The dividend is payable on April 18, 2013, to shareholders of record on March 29, 2013. Full Article
Staples Inc Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
Staples Inc announced that for fiscal 2013, it expects sales to increase in the low single digits compared to 2012 sales on a 52 week basis of $23.9 billion. The company expects fiscal 2013 diluted earnings per share (EPS) from continuing operations to be in the range of $1.30 to $1.35. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $24.6 billion and EPS of $1.38 for fiscal 2013. Full Article
Staples Inc Announces Pricing Of Senior Notes Offering
Staples Inc announced that it has priced a previously announced public offering of $500 million aggregate principal amount of its Senior Notes due January 12, 2018, at 2.75% coupon, and $500 million aggregate principal amount of its Senior Notes due January 12, 2023, at 4.375% coupon. Interest on the notes is payable in cash on a semi-annual basis. The offering is expected to close on January 14, 2013, subject to customary closing conditions. Staples expects to receive net proceeds, after the underwriting discount, of approximately $993.8 million. The proceeds from the public offering will be used to fund Staples' previously announced debt tender offer for up to $750 million aggregate principal amount of its outstanding 9.750% Senior Notes due 2014, if consummated, as well as for general corporate purposes. Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and HSBC Securities (USA) Inc. are acting as joint book-running managers. Full Article
Staples Inc Announces Resignation Of Michael A. Miles Jr., President And Chief Operating Officer
Staples Inc announced that Michael A. Miles Jr., President and Chief Operating Officer, is resigning from the Company, effective February 2, 2013. Full Article
Staples Inc Announces Fourth Quarter 2012 Dividend
Staples Inc announced that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.11 per share. The dividend is payable on December 21, 2012, to shareholders of record on December 14, 2012. Full Article
Staples Inc Reaffirms FY 2012 Guidance
Staples Inc announced that for fiscal 2012, it expects sales to be flat compared to the prior year and diluted earnings per share (EPS) to increase in the low single-digits versus adjusted diluted earnings per share of $1.37 achieved in 2011. The Company reported revenue of $25.022 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $25.25 billion and EPS of $1.47 for fiscal 2012. Full Article
PE Firms Interested In Taking Staples Inc Private-Reuters
Reuters reported that according to Fortune, several private equity firms including Bain Capital are considering a buyout offer for retailer Staples Inc. Bain Capital did not immediately respond to a request seeking comment. Staples declined to comment. The discussions have been preliminary thus far and the earliest an actual offer could come would be late this year, the sources told Fortune. Full Article
Staples Inc Announces Third Quarter 2012 Dividend
Staples Inc announced that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.11 per share. The dividend is payable on October 18, 2012, to shareholders of record on September 28, 2012. Full Article
Staples sees sales improving after weak first quarter
- Staples Inc stood by its full-year profit outlook and told investors it expected sales to improve through the year after the biggest U.S. office supply retailer by sales reported lackluster results in the first quarter.
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