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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
04/30/201509:31:30Staples Given "Hold" Rating at TheStreet (SPLS)
04/30/201507:00:00Staples Celebrates the Positive Impact of Teachers during National...
04/30/201503:30:45Staples Rating Increased to Buy at Jefferies Group (SPLS)
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04/28/201510:33:28Amazon Business Targets Offices, Corporate Customers
04/28/201507:00:00Staples Helps Small Businesses Make More Happen with Tips for...
04/27/201513:00:00Convenience, Quality and Creative Options for all your Copy...
04/25/201510:45:022 Oversold Stocks in Retail Poised for a Turnaround
04/23/201506:57:00Staples Acquires Makr to Make More Design Services Happen
04/22/201505:00:0010 Environmentally Conscious Schools Each Win $25,000 Worth of...
04/21/201513:00:00Staples Canada Releases 2014 Sustainability Achievements
04/21/201509:00:00Martha Stewart Living Omnimedia & Staples, Inc. Announce New...
04/20/201511:00:00Staples conclue une entente afin d'acquérir Accolade Groupe...
04/20/201511:00:00Staples Enters into Agreement to Acquire Accolade Promotion Group...
04/20/201511:00:00Staples Enters into Agreement to Acquire Accolade Promotion Group...
04/20/201509:29:00Staples Names Peter J. Scala to Executive Vice President Merchandising
04/14/201507:00:00Staples Celebrates Sustainability Milestone of 450 Million Ink...
04/14/201506:30:41Wall Street Breakfast: Nokia Confirms Advanced Merger Talks With...
04/14/201503:40:12Staples CEO Sargent got 15% raise in 2014
04/13/201516:22:46Additional Proxy Soliciting Materials (definitive) (defa14a)

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