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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
12/01/201609:53:00Staples Launches New Designs for Exclusive Cynthia Rowley Collection...
12/01/201605:00:00Calling all Ecovators! The Staples Superpower your School Contest...
11/22/201616:33:41Current Report Filing (8-k)
11/22/201609:00:00#ThinkStaples this Holiday Season
11/18/201607:30:00Staples Business Advantage and Metropolis Magazine Reveal Winners...
11/17/201610:00:00From Office Cleaning to Workplace Yoga, Staples and Managed by...
11/17/201609:45:00U.S. Hot Stocks: Hot Stocks to Watch
11/17/201607:40:00Staples Revenue Falls 4%, Hurt by Same-Store Sales
11/17/201606:11:18Quarterly Report (10-q)
11/17/201606:06:42Current Report Filing (8-k)
11/17/201606:00:00Staples, Inc. Announces Third Quarter 2016 Performance
11/17/201604:30:00Hilco Capital to Purchase Staples’ UK Retail Business
11/10/201608:00:00Staples, Inc. to Announce Third Quarter 2016 Results on November...
11/03/201606:57:00Staples Business Advantage Leverages Mobile Technology with “BluPrint” App...
11/02/201610:56:00Staples Debuts Exclusive Sneak Peek of Black Friday Deals Through...
11/02/201610:00:00Office Depot's Profit Rises on Cost Cuts, Overcoming Lower Revenue
11/01/201606:57:00Staples Implements New Student Loan Repayment Plan for Sales...
10/25/201615:00:00Staples’ “Easy Button” Comes to Life with IBM Watson
10/19/201610:00:00Staples Launches Licensing Program Expanding Its Footprint in...
10/14/201609:27:00Staples and Katy Perry Help Teachers Bring Learning to Life for...

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