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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
07/21/201605:00:00Staples Canada Releases Top Trends, Must-Haves for 2016 Back-To-School...
07/19/201615:16:00Surprise Donation of More Than $185,000 from Staples Funds Local...
07/13/201612:51:00Staples Partners with Boys & Girls Clubs of America to Enable...
07/12/201612:18:00ADDING MULTIMEDIA Staples Rings ‘First Bell’ at NASDAQ to Kic...
07/12/201606:00:00Staples Rings 'First Bell' at NASDAQ to Kick Off Back-to-School...
07/12/201603:05:00Business Watch -- WSJ
07/11/201611:05:28Staples, Inc. (Nasdaq: SPLS) to Ring The Nasdaq Stock Market...
07/11/201610:00:00Staples Taps New President of North American Retail Operations
07/11/201607:00:00Staples Names Steve Matyas, President North American Retail
07/11/201606:57:00Staples Names Steve Matyas, President North American Retail
07/08/201607:00:00Staples Expands the Erin Condren Collection to Staples.com and...
07/05/201618:03:34Statement of Changes in Beneficial Ownership (4)
07/05/201618:02:38Statement of Changes in Beneficial Ownership (4)
07/01/201610:00:00Staples Business Advantage Announces Five Finalists, Opens Voting...
07/01/201608:35:00On BizWireTV: Virtual Reality Enters the Classroom and the Top...
06/30/201607:30:00Scanning Specialty Retail, Other Equities -- Office Depot, Alibaba...
06/30/201605:00:00Staples Canada Releases Q1 2016 Sustainability Achievements
06/29/201608:00:00Staples Brings New Accessories to 2016 Back-to-School Season...
06/28/201608:00:00Staples Showcases New Designed By Students Collection
06/23/201608:00:00Katy Perry and Staples Unveil Public Service Announcement to...

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