Staples, Office Depot to scrap merger deal after judge rules for FTC
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/21/2026
Go back to Staples, Office Depot to scrap merger deal after judge rules for FTC
May 11, 2016 7:37 AM EDT
UBS downgraded Staples, Inc. (NASDAQ: SPLS) from Buy to Neutral with a price target of $10.50 (from $14.00) after the merger was terminated.
Analyst Michael Lasser commented, "Without the value creation potential from a merger with ODP, SPLS' investment case rests on a... More
May 11, 2016 7:35 AM EDT
UBS downgraded Office Depot (NASDAQ: ODP) from Neutral to Sell with a price target of $4.00 (from $5.50) after the merger was terminated.
Analyst Michael Lasser commented, "While ODPs shares are likely to be under pressure given the outcome of the merger with... More
May 11, 2016 7:15 AM EDT
Office Depot (NASDAQ: ODP) plunges 36.5% and Staples (NASDAQ: SPLS) 15.5% as trading resumes after the merger was terminated.
...
More
May 11, 2016 6:49 AM EDT
Jefferies downgraded both Office Depot (NASDAQ: ODP) and Staples (NASDAQ: SPLS) from Buy to Hold with a price target of $5.25 and $9, respectively, after the merger of the two companies was terminated.
Analyst Danial Binder... More
