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February 19, 2013
10:27 EDTOMX, ODP, SPLSStaples 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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August 4, 2015
07:04 EDTSPLS, ODPOffice Depot to incur $100M expenses related to acquisition by Staples
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07:03 EDTODPOffice Depot: European restructuring plan to generate benefits of $80M by 2016
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07:02 EDTOMX, ODPOffice Depot sees annual run-rate merger synergy benefits of $750M by 2016-end
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07:01 EDTODPOffice Depot expects FY15 sales to be lower than 2014, consensus $14.84B
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07:00 EDTODPOffice Depot reports Q2 North American sales $1.3B, SSS up 1%
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06:59 EDTODP, SPLSOffice Depot on track with regulatory review process in Staples transaction
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06:58 EDTODPOffice Depot reports Q2 adjusted EPS 6c, consensus 6c
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August 3, 2015
14:59 EDTODPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include CVS Health (CVS), consensus $1.20... Regeneron (REGN), consensus $2.77... Aetna (AET), consensus $1.82... Emerson Electric (EMR), consensus 83c... Kellogg (K), consensus 92c... Charter (CHTR), consensus 36c... MGM Resorts (MGM), consensus 11c... Coach (COH), consensus 30c... Hyatt Hotels (H), consensus 46c... Scripps Networks (SNI), consensus $1.26... Office Depot (ODP), consensus 6c.
July 30, 2015
16:00 EDTSPLSOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
10:00 EDTSPLSOn The Fly: Analyst Upgrade Summary
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06:13 EDTSPLSStaples upgraded to Hold from Sell at Evercore ISI
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July 29, 2015
10:41 EDTODPOptions with increasing implied volatility
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10:27 EDTODPOptions with decreasing implied volatility
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July 28, 2015
10:38 EDTODPOptions with increasing implied volatility
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July 24, 2015
06:53 EDTSPLS, ODPAmazon urges FTC to approve Staples-Office Depot deal, NY Post says
Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link

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