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Pantaloon Retail: Not In Deal To Sell Stake In Staples Joint Venture

BANGALORE -(Dow Jones)- Pantaloon Retail (India) Ltd. (523574.BY) said Thursday it hasn't entered into any transaction to sell its stake in a joint venture with Staples Inc. (SPLS) to the U.S.-based office-supplies retailer. "The company shall inform about any firm and binding decision no sooner approved by the board, to the regulators and the shareholders," Pantaloon Retail said in a notice sent to the stock exchanges. The notice comes in response to an Economic Times report, citing two unidentified analysts, that said Pantaloon is planning to sell its stake in a deal which could fetch the company about INR2 billion ($41 million). As of March 31, 2011, Pantaloon held a 39.49% stake in the joint venture with Staples, the newspaper reported. -By Rumman Ahmed, Dow Jones Newswires; 91-9845104173; rumman.ahmed@dowjones.com

Stock News for Staples (SPLS)
DateTimeHeadline
05/26/201509:47:00Staples Celebrates Million Dollar Milestone for Staples Business...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201507:30:06Staples Reports 39% Decline in First-Quarter Profit
05/20/201506:19:59Quarterly Report (10-q)
05/20/201506:00:00Staples, Inc. Announces First Quarter 2015 Performance
05/18/201506:01:48Notice of Effectiveness (effect)
05/17/201509:16:35MARKET SNAPSHOT: Big Retailers Cap Earnings Season Against Backdrop...
05/15/201518:10:40MARKET SNAPSHOT: Big Retailers Cap Earnings Season Against Backdrop...
05/13/201508:00:00Staples, Inc. to Announce First Quarter 2015 Results on May 20...
05/13/201501:00:00Staples Expands Presence in South Africa and Romania
05/13/201501:00:00Staples élargit sa présence en Afrique du Sud et en Roumanie
05/13/201501:00:00Staples erweitert Präsenz in Südafrika und Rumänien
05/12/201506:04:05Registration Statement for Securities to Be Issued in Business...
05/07/201507:36:00Staples Announces Exclusive Launch of Microsoft Match
05/06/201516:38:00Additional Proxy Soliciting Materials (definitive) (defa14a)
05/06/201516:32:49Additional Proxy Soliciting Materials (definitive) (defa14a)
05/06/201511:03:59Staples Downgraded by Zacks to Sell (SPLS)
05/05/201508:10:07Office Depot Swings to Profit
05/04/201512:27:00Staples Teams Up with City Year to Make Graduation Happen in...
04/30/201509:31:30Staples Given "Hold" Rating at TheStreet (SPLS)

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