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Stock Market & Financial Investment News

News Breaks
February 19, 2013
10:27 EDTODP, SPLS, OMXStaples rallies after analysts predict gains from rivals' merger
Staples (SPLS) is jumping after several research analysts predicted that the company would benefit significantly from a potential merger between its rivals, Office Depot (ODP) and OfficeMax (OMX). Following reports that Office Depot and OfficeMax had held talks about combining, Citigroup analyst Kate McShane predicted that the combined company would close some of its stores. Staples could gain market share as a result of these store closures, according to McShane. The analyst did, however, warn that that the Federal Trade Commission could "look unfavorably" on a merger between Office Depot and OfficeMax. Meanwhile, Jefferies analyst Daniel Binder believes that Staples is poised to benefit from an Office Depot-OfficeMax merger. But Binder warned that the potential benefit to Staples from a deal could vary widely, based on how many stores the combined entity would close and how many stores it would sell to Staples. The analyst, however, estimates that Staples' revenue could increase a total of $40M-$60M and its earnings per share could climb 5c-10c over the next three years as a result of the transaction. In mid-morning trading, Staples gained $1.90, or 15%, to $14.85, while Office Depot surged 16% to $5.30 and OfficeMax soared 25% to $13.50.
News For SPLS;ODP;OMX From The Last 14 Days
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March 5, 2015
15:21 EDTSPLSNotable companies reporting before tomorrow's open
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March 4, 2015
09:37 EDTSPLS, ODPStarboard says combined Staples-Office Depot could be worth $32-$37 per share
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08:09 EDTSPLSStaples volatility elevated into Q4 and outlook
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March 3, 2015
15:57 EDTSPLSBofA/Merrill retail analysts hold an analyst/industry conference call
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February 27, 2015
10:52 EDTODPOptions with increasing implied volatility
Options with increasing implied volatility: WBAI ARCP BHI TLM ODP
February 24, 2015
06:55 EDTODPOffice Depot sees $400M of cash merger integration expenses from 2014-2016
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06:54 EDTOMX, ODPOffice Depot expects to achieve synergy benefits of more than $750M by 2016-end
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06:53 EDTODPOffice Depot sees FY15 sales to be lower than FY14, consensus $15.5B
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06:52 EDTSPLS, ODPOffice Depot says acquisition by Staples to close by end of 2015
06:52 EDTODPOffice Depot reports Q4 N. American retail division sales $1.54B
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06:51 EDTODPOffice Depot says 2015 operating priorities focus on synergies, efficiencies
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06:51 EDTODPOffice Depot reports Q4 adjusted EPS 7c, consensus 4c
Reports Q4 revenue $3.83B, consensus $3.91B
February 20, 2015
07:20 EDTSPLSWal-Mart wage increase may pressure Target, Staples, Reuters says
Wal-Mart's (WMT) wage increase announcement will likely pressure the retail, fast-food, and restaurant sectors to potentially follow suit, reports Reuters, citing an Edward Jones analyst and the managing director of consultancy firm Strategic Resource Group. The analysts specifically named Target (TGT) and Staples (SPLS). Reference Link

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