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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
05/31/201609:50:00Office Depot Lays Out $100 Million Stock-Buyback Plan
05/27/201606:02:23Specialized Disclosure Report (sd)
05/23/201609:25:17Additional Proxy Soliciting Materials (definitive) (defa14a)
05/18/201616:30:00Cradles to Crayons® Backpack-A-Thon® at Staples stuffs 20,000 b...
05/18/201608:35:00Why These Investors' Finds are on the Radar? - eBay, Alibaba...
05/18/201607:40:00Staples Offers In-Line View as Profit, Sales Decline
05/18/201606:13:40Quarterly Report (10-q)
05/18/201606:12:32Current Report Filing (8-k)
05/18/201606:00:00Staples, Inc. Announces First Quarter 2016 Performance
05/18/201602:10:00Details Released in Staples Antitrust Case
05/16/201617:57:47Current Report Filing (8-k)
05/12/201620:20:00Wal-Mart Bets on Free Two-Day Shipping
05/11/201608:00:00Staples, Inc. to Announce First Quarter 2016 Results on May 18...
05/11/201606:04:44Current Report Filing (8-k)
05/10/201620:06:00Essendant's Acquisition Of Wholesale Business From Staples Called...
05/10/201619:40:00Judge Blocks Staples-Office Depot Merger
05/10/201619:14:00Staples and Office Depot to Terminate Merger Agreement
05/02/201610:15:00Give Me a Break! Staples Business Advantage Launches “Ultimate B...
04/28/201607:30:00Staples Celebrates National Small Business Week with the Launch...
04/27/201611:42:00Staples Says “Thanks a Million” in Celebration of Teacher App...

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