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Stock Market & Financial Investment News

News Breaks
March 6, 2014
08:34 EDTSPLSStaples will no longer provide annual sales or EPS guidance
The company says this is due to going up against new competitors in new markets as it expands beyond office supplies. It also said its largest competitor is going through a multiyear integration. Expects to generate more than $600M of cash flow in FY14 which reflects cash payments related to previously announced restructuring activities.
News For SPLS From The Last 14 Days
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February 10, 2016
06:17 EDTSPLSStaples receives approval from European Union to acquire Office Depot
Staples (SPLS) has received approval from the European Union to acquire Office Depot (ODP). The acquisition has been approved in Australia, New Zealand, China, and Europe. The European Commission approved the acquisition on the condition that Staples divest Office Depot's European contract business and all of Office Depot's operations in Sweden. Staples will meet these requirements, and the parties have decided that they will also divest Office Depot's retail, online and catalog operations in Europe in connection with closing the transaction. The merger is the subject of ongoing litigation with the U.S. Federal Trade Commission as well as the Canadian Competition Bureau. The companies recently announced the completion of financing arrangements and the extension of their merger agreement from February 4 to May 16.
February 5, 2016
11:16 EDTSPLSParty City enters into e-commerce relationship with Staples
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February 2, 2016
16:02 EDTSPLSStaples, Office Depot finalize merger agreement extension
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11:10 EDTSPLSStocks with call strike movement; NFLX SPLS
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