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Stock Market & Financial Investment News

News Breaks
February 19, 2013
10:27 EDTSPLS, ODP, 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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September 17, 2014
09:36 EDTSPLSActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
September 15, 2014
08:35 EDTODPOffice Depot to transfer stock listing to NASDAQ from NYSE
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06:25 EDTODP, SPLSStaples sum-of-parts analysis yields just 10% upside, says Deutsche Bank
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06:19 EDTSPLSStaples September volatility elevated on wide price movement
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06:02 EDTSPLSStocks with implied volatility movement; EBAY SPLS
Stocks with implied volatility movement; eBay (EBAY) 29, Staples (SPLS) 31 according to iVolatility.
September 10, 2014
08:34 EDTODPOffice Depot announces resignation of Starboard's Jeffrey Smith from board
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September 9, 2014
14:54 EDTSPLSApple announces Apple Pay
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14:47 EDTSPLSStaples to support Apple Pay in stores this fall
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September 8, 2014
05:54 EDTSPLSStaples Canada expands Bullfrog Power partnership
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