Staples, Office Depot to scrap merger deal after judge rules for FTC
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UBS Downgrades Staples, Inc. (SPLS) to Neutral
May 11, 2016 7:37 AM EDTUBS 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
UBS Downgrades Office Depot (ODP) to Sell
May 11, 2016 7:35 AM EDTUBS 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
Office Depot (ODP) Sinks 36%, Staples (SPLS) Falls 15% as Trading Resumes Following Merger Termination
May 11, 2016 7:15 AM EDTOffice Depot (NASDAQ: ODP) plunges 36.5% and Staples (NASDAQ: SPLS) 15.5% as trading resumes after the merger was terminated.
Jefferies Downgrades Office Depot (ODP) and Staples (SPLS) to Hold on Merger Termination
May 11, 2016 6:49 AM EDTJefferies 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
