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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
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...
05/21/201416:43:46MARKET SNAPSHOT: U.S. Stocks Rally; Dow Gains Most In 5 Weeks
05/21/201415:07:08MARKET SNAPSHOT: U.S. Stocks Rise; No Swings After Fed Minutes
05/21/201414:00:53MARKET SNAPSHOT: U.S. Stocks Rally Ahead Of Fed Minutes
05/21/201410:21:29MARKET SNAPSHOT: U.S. Stocks Rise; FOMC Minutes In Focus
05/20/201417:08:00MARKET SNAPSHOT: U.S. Stocks Decline; Dow In Triple-digit Loss
05/20/201410:14:10MARKET SNAPSHOT: U.S. Stocks Fall; Retailers Hurt By Earnings
05/06/201400:50:48Wal-Mart Notches Web Win Against Rival Amazon

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