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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
11/19/201416:57:39MARKET SNAPSHOT: S&P 500 Snaps 4-day Run
11/19/201414:57:32MARKET SNAPSHOT: U.S. Stocks Drift Lower After Fed Minutes
11/19/201413:43:15MARKET SNAPSHOT: U.S. Stocks Edge Lower Ahead Of Fed Minutes
11/19/201407:35:55Staples Sales Fall As Store Closures Accelerate Update
11/19/201406:53:50MARKET SNAPSHOT: U.S. Stocks: Futures Flat As Investors Wait...
11/17/201406:28:22MARKET SNAPSHOT: Retailers Close Out Earnings Season
10/14/201400:32:56Google Adopts Delivery-Service Model, Targets Amazon
09/03/201401:24:12MARKET SNAPSHOT: Stocks End Lower, But S&P 500 Holds Above 2,000
09/03/201401:21:38MARKET SNAPSHOT: S&P 500 On Pace To End Lower, Clings To 2,000
09/03/201401:19:25MARKET SNAPSHOT: S&P 500 Falls Back Under 2,000 As Stocks Slip
09/03/201401:14:05MARKET SNAPSHOT: S&P 500 Dips, But Apple, Staples, Tesla Pop
09/03/201401:09:48MARKET SNAPSHOT: S&P 500 Flat After ISM Data; Staples, Regeneron...
08/20/201416:50:24MARKET SNAPSHOT: U.S. Stocks End Higher, Recover From Post-Fed...
08/20/201415:52:06MARKET SNAPSHOT: S&P 500 Tries For Record Close, Recovers From...
08/20/201415:14:23MARKET SNAPSHOT: U.S. Stocks Edge Up, Recover From Post-Fed Dip
08/20/201414:40:16MARKET SNAPSHOT: U.S. Stocks: S&P Turns Flat After Fed Minutes
08/20/201414:14:22MARKET SNAPSHOT: Stocks Edge Up Ahead Of Fed Minutes; S&P Eyes...
08/20/201413:36:20MARKET SNAPSHOT: Stocks Flat But Off Day's Lows Ahead Of Fed...
08/20/201409:45:40U.S. Hot Stocks: Hot Stocks to Watch
06/29/201406:17:43MARKET SNAPSHOT: Utilities, Airlines Seen At Risk In Second Half...

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