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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
02/10/201618:03:00Staples a reçu l’approbation de l’Union européenne pour l’acq...
02/10/201617:30:00Staples riceve dall'Unione europea l'approvazione per l'acquisizione...
02/10/201615:53:00Staples erhält Genehmigung der Europäischen Union für Übernahme von...
02/10/201613:52:23Amended Statement of Ownership (sc 13g/a)
02/10/201609:43:42Current Report Filing (8-k)
02/10/201609:43:00U.S. Hot Stocks: Hot Stocks to Watch
02/10/201607:30:00Staples and Office Depot Merger Gets EU Approval
02/10/201606:13:00Staples Receives Approval from European Union to Acquire Office...
02/04/201616:27:55Amended Statement of Ownership (sc 13g/a)
02/04/201613:00:00Staples Canada Releases Recent Sustainability Achievements
02/02/201617:26:22Current Report Filing (8-k)
02/02/201616:01:00Staples and Office Depot Finalize Merger Agreement Extension
01/27/201615:57:06Amended Statement of Ownership (sc 13g/a)
01/25/201618:00:00Staples President of North American Stores to Leave
01/25/201616:08:48Current Report Filing (8-k)
01/25/201616:01:00Staples Streamlines Structure, Announces Leadership Changes
01/20/201609:20:00Staples, Office Depot to Extend Merger Termination Date
01/20/201608:49:56Current Report Filing (8-k)
01/20/201608:00:00Staples and Office Depot Intend to Extend Merger Agreement
01/12/201607:00:00Freelance Economy Growing as Employees Look for Flexibility...

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