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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
05/02/201610:15:00Give 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...
04/26/201617:20:33Statement of Changes in Beneficial Ownership (4)
04/26/201617:19:42Statement of Changes in Beneficial Ownership (4)
04/26/201617:17:49Statement of Changes in Beneficial Ownership (4)
04/26/201617:16:55Statement of Changes in Beneficial Ownership (4)
04/26/201617:16:04Statement of Changes in Beneficial Ownership (4)
04/26/201617:13:54Statement of Changes in Beneficial Ownership (4)
04/26/201616:34:37Proxy Statement (definitive) (def 14a)
04/26/201616:34:10Additional Proxy Soliciting Materials (definitive) (defa14a)
04/26/201609:30:00Office Depot Results Hurt by Staples Uncertainty
04/22/201616:25:39Current Report Filing (8-k)
04/22/201616:24:20Additional Proxy Soliciting Materials (definitive) (defa14a)
04/22/201608:00:00Staples, Inc. Nominates Three New Directors
04/22/201605:00:00$250,000 Worth of Technology Products Awarded to 10 Environmentally...
04/21/201619:26:00Staples and Katy Perry Reunite to Help Teachers Bring Learning...
04/19/201622:10:00FTC's Case Against Staples-Office Depot Merge Nears End
04/19/201607:00:00Staples Business Advantage Announces Furniture Recycling Initiatives...
04/18/201606:00:00Big Brands are Getting Chatty and Latest VC Announcements on...

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