Jefferies Downgrades Office Depot (ODP) and Staples (SPLS) to Hold on Merger Termination
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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.
Staples, Office Depot to scrap merger deal after judge rules for FTC
May 10, 2016 7:24 PM EDTBy Diane Bartz
WASHINGTON (Reuters) - No. 1 office supply chain Staples (NASDAQ: SPLS) and smaller rival Office Depot Inc (NASDAQ: ODP) said on Tuesday they would terminate their planned merger after a U.S. federal judge ordered the deal temporarily halted because of antitrust concerns.
Shares of Office Depot plunged 26 percent and Staples shares fell 10 percent in extended trading following the ruling.
Judge Emmet Sullivan of U.S. District Court for the District of Columbia, in a three-page order granting the Federal Trade Commission's... More
Office Depot (ODP) to Terminate Staples (SPLS) Merger Following Ruling
May 10, 2016 7:11 PM EDTOffice Depot, Inc. (NASDAQ: ODP) today issued the following statement from Chairman and Chief Executive Officer Roland Smith after the U.S. District Court in the District of Columbia granted the Federal Trade Commissions (FTC) request for a preliminary injunction to block the... More
Office Depot (ODP), Staples (SPLS) both halted for trading
May 10, 2016 6:42 PM EDTOffice Depot (NASDAQ: ODP), Staples (NASDAQ: SPLS) both halted for trading after merger blocked
... MoreOffice Depot (ODP), Staples (SPLS) merger blocked by judge as anticompetitive
May 10, 2016 6:40 PM EDTOffice Depot (NASDAQ: ODP), Staples (NASDAQ: SPLS) merger blocked by judge as anti competitive
