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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
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06/19/201516:08:59Current Report Filing (8-k)
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06/12/201511:01:00EPA Recognizes Staples, Inc. as Safer Choice Partner of the Year...
06/11/201516:57:52Current Report Filing (8-k)
06/11/201516:06:00Staples, Inc. Receives Approval from China’s Ministry of Commerce t...
06/11/201515:04:00Staples Introduces Designed by Students Collection to Meet Students’ N...
06/09/201519:20:153 Stocks To Watch In Internet Retail
06/09/201506:13:40Statement of Changes in Beneficial Ownership (4)
06/09/201506:09:34Initial Statement of Beneficial Ownership (3)
06/05/201517:33:21Statement of Changes in Beneficial Ownership (4)
06/05/201517:32:25Statement of Changes in Beneficial Ownership (4)
06/05/201517:31:32Statement of Changes in Beneficial Ownership (4)
06/05/201517:30:42Statement of Changes in Beneficial Ownership (4)
06/05/201517:29:50Statement of Changes in Beneficial Ownership (4)

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