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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
08/26/201610:15:00On Women’s Equality Day, Staples Shows Commitment to Ending G...
08/25/201612:35:00Staples Makes Back-to-School Shopping Virtually Effortless
08/23/201610:00:00Staples Canada Names Mary Sagat President
08/22/201609:30:00Office Depot CEO to Step Down
08/18/201607:00:00Staples Offers Lowest Prices on Technology with Top Brand Laptops...
08/17/201607:40:00Staples Swings To Loss, to Close 50 Stores This Year
08/17/201606:08:54Quarterly Report (10-q)
08/17/201606:07:05Current Report Filing (8-k)
08/17/201606:00:00Staples, Inc. Announces Second Quarter 2016 Performance
08/16/201609:00:00Surprise Donation of More Than $435,000 from Staples Funds Local...
08/15/201604:42:00MARKET SNAPSHOT: This Is The Chance Of A Stock-market Hangover
08/13/201614:41:00MARKET SNAPSHOT: This Is The Chance Of A Stock-market Hangover
08/13/201611:00:00MARKET SNAPSHOT: This Is The Chance Of A Stock-market Hangover
08/13/201610:45:00MARKET SNAPSHOT: Will Stock-market Hangover Follow Record Highs?
08/13/201608:15:00MARKET SNAPSHOT: Will Stock-market Hangover Follow Record Highs?
08/12/201606:00:00Staples Gives Teachers Even More Savings with Teacher Appreciation...
08/11/201612:57:00Surprise Donation of More Than $117,000 from Staples Funds Local...
08/10/201608:00:00Staples, Inc. to Announce Second Quarter 2016 Results on August...
08/09/201614:46:00Surprise Donation of More Than $134,000 from Staples Funds Local...
08/04/201617:41:00Surprise Donation of More Than $131,000 from Staples Funds Local...

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