Jefferies Downgrades Office Depot (ODP) and Staples (SPLS) to Hold on Merger Termination

UBS Downgrades Staples, Inc. (SPLS) to Neutral

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

UBS Downgrades Office Depot (ODP) to Sell

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

Office Depot (ODP) Sinks 36%, Staples (SPLS) Falls 15% as Trading Resumes Following Merger Termination

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.

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Staples, Office Depot to scrap merger deal after judge rules for FTC

May 10, 2016 7:24 PM EDT

By 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 EDT

Office 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 EDT

Office Depot (NASDAQ: ODP), Staples (NASDAQ: SPLS) both halted for trading after merger blocked

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Office Depot (ODP), Staples (SPLS) merger blocked by judge as anticompetitive

May 10, 2016 6:40 PM EDT

Office Depot (NASDAQ: ODP), Staples (NASDAQ: SPLS) merger blocked by judge as anti competitive

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