[Echo20]

10.25. Again .


Echo20

[Echo20]

10.25!!!!!!!

Echo20

[Echo20]

20.25!!!!!!!!!

Echo20

[Echo20]

$10.24!!!!!

[Echo20]

SPLS

Just about to $10.25!

Closer.

Echo20

[Echo20]

Anyone here still?

Echo20

[Echo20]

SPLS

Taking a long time to complete the buyout.

Echo20

[Echo20]

One lawyer group is questioning the $10.25 deal now.

Echo20

[Echo20]

AnG5649


Do you know how long SPLS has been paying dividends of .48?

Echo20

[AnG5640]

Article out the night of 6/21. Gap up on 6/22.

http://www.cnbc.com/2017/06/21/sycamore-partners-reportedly-in-the-lead-to-buy-staples-deal-seen-next-week.html

[AnG5640]

Maybe the market will take it higher than 10.25

[AnG5640]

The buyout wasn't a surprise. It was rumored last week, hence the gap up you see last week on the daily chart. I guess you can say a mere .23 (last trade @ 10.02 in AH's) is a big deal.......if you own a buttload of shares.

[mattp_160]

How can the buyout already be priced in. If it's being bought out out for 10.25 then it should be 10.25

[pennystockaholic]

Ohhhh yeah let's go

[Echo20]

PLAY VIDEO

?

Sycamore Partners will buy Staples for $10.25 per share, in a deal which values the office supplier at around $6.9 billion.

Staples' stock surged more than 8 percent into the close Wednesday, leaving its share price at $9.93.

Staples shares were halted during extended trading after rising an additional 1.5 percent following the close.


Echo 20

[Echo20]

$10.25

Echo20

[AnG5640]

Looks like the acquisition is already priced in......

[AnG5640]

Acquisition news out.....

[AnG5640]

Ooohhhh..... I'm sorry, I have no idea. I only started watching SPLS when I caught an article on a potential buyout....

[Echo20]

Anyone know of this motion?

Cerberus completes Staples Europe acquisition
Steve Hilleard, 28 February 2017

Cerberus Capital Management and Staples have completed the sale of a controlling interest in Staples' European operations to a Cerberus affiliate.

Cerberus Capital Management and Staples have completed the sale of a controlling interest in Staples’ European operations to a Cerberus affiliate.
Staples will retain a 15% equity interest in the business, which has been separated into a privately-held company operating under the name Staples Solutions BV and which consists of retail, contract, and online businesses in 17 countries with total annual revenues of about €1.7 billion ($1.8 billion).

Heading up the new entity as Chairman will be former Volvo CEO Olof Persson, an executive with Cerberus’ operations team.

He is joined on the board by someone familiar with Staples Europe and to OPI readers. Peter Ventress, whose most recent executive role was as CEO of Berendsen, enjoyed a long career in office products which culminated in him serving as President of Staples International in 2008/9.

Also joining the board are:
Stassi Anastassov, former CEO of Global Duracell
John Buchta, Senior VP, Tax and Treasurer of Staples
Chan Galbato, CEO of Cerberus Operations and Advisory Company
Steven Mayer, Co-Head of Global Private Equity and Senior Managing Director of Cerberus Capital Management

Mayer commented: "We see great value in Staples Solutions and are confident that the company’s core strengths, when combined with an unwavering commitment to its customers and suppliers and Cerberus’ hallmark operational rigour, will strengthen Staples Solutions’ position as the leading provider of workplace products, services, and solutions to small, mid-sized, and large businesses in Europe.”

"We have spent months getting to know the company and working side-by-side with its management team and its associates. Today, we are even more enthusiastic about our strategy to invest in key growth areas designed to improve the company’s competitiveness, position it for long-term sustainable growth, and capture opportunities that emerge from changes in the workplace products industry."
We’ll bring your more insight into this story shortly.
Framingham, MA and New York, NY (USA)
_____________________________________________________

Echo20

[Echo20]

AnG5640

How long has SPLS paid a dividend?
Thanks


Echo20

[AnG5640]

Sycamore Partners in advanced talks to buy Staples, with deal potentially topping $6 billion

http://www.cnbc.com/id/104543951

[AnG5640]

Buyout rumors....l

[INTL]

SPLS 20% plus move if staples accepts 7 bil offer. Bullish

[INTL]

SPLS potential take over.

[Ignition]

Drone Delivery Canada (CSE:FLT) and Staples Team Up For Drone Delivery Development, Implementation and Commercialization

Highlights:
·         DDC and Staples will collaborate to explore the feasibility of developing, implementing, and commercializing a drone delivery logistics platform
·         DDC is actively advancing further agreements with additional customers

Read PRESS RELEASE

[ValueInvestor15]

Staples trading at a 3% discount to Fair Value before earnings:

Fair Value Details

[pennystockaholic]

It might happen sooner than later.

[INTL]

Up premarket on news

[INTL]

Yes it is. Telegraph is reporting Staples buyout in negotiations with Cerebus for Europe stores.

[BreakoutKing]

??

[T695]

Time to start watching

[Pro-Life]

Antitrust Cops Put Brakes On Two Mergers
Date : 12/08/2015 @ 3:03AM
Source : Dow Jones News
Stock : General Electric Company (GE)

http://ih.advfn.com/p.php?pid=nmona&article=69618601

From kitchen stoves to paper clips, U.S. antitrust enforcers are putting the brakes on a series of corporate deals that have tested the government's willingness to let longtime rivals combine two big businesses.

On Monday, the Federal Trade Commission filed a lawsuit to block Staples Inc.'s roughly $6 billion takeover of Office Depot Inc., a deal that would create an office supplier with nearly $40 billion in annual sales.

The lawsuit alleged the combination would mean higher prices for companies that buy office supplies in bulk. Staples and Office Depot said they would contest the suit, but shares of both companies tumbled.

The FTC's unanimous decision came the same day that General Electric Co. abandoned a $3.3 billion agreement to sell its appliances business to Electrolux AB of Sweden. GE walked away from the deal, which it struck 15 months ago, in the middle of a courtroom fight with the U.S. Department of Justice.

Once again, government lawyers argued the combination would reduce competition and raise prices. Shares of Electrolux, whose CEO had testified the deal was "absolutely critical" to its business, lost 15% of their value, while GE shares slipped less than 1%.

Both transactions would have left bigger companies atop industries that have been consolidating for years. Adding Office Depot, which merged with OfficeMax in 2013, would leave Staples with 70% of the market for pens, pads and office essentials that large businesses buy directly, according to the FTC. Combining GE and Electrolux would have created a merged firm that sold two of every three cooking ranges in the U.S., government lawyers said.

"Each horizontal merger raises concentration. And when market concentration goes up, the likelihood that the next merger will be challenged goes up as well," said University of Iowa law professor Herbert Hovenkamp. "The government has been on a decent roll in merger cases the last couple of years. These are both good examples of that."

Cheap debt and a slow-growth economy has helped fuel a record year for mergers and acquisitions -- with $4.35 trillion in global volume and $2.12 trillion in U.S. deals, according to Dealogic. But it has also been a banner year for transactions that have fallen at the hands of antitrust police appointed by President Barack Obama.

Antitrust objections by the Justice Department earlier this year helped derail Comcast Corp.'s $45 billion bid for Time Warner Cable Inc. The FTC won a court fight in June that blocked the $3.5 billion combination of food-distribution rivals Sysco Corp. and US Foods Inc. Last week, two leading tuna producers -- the owners of Bumble Bee and Chicken of the Sea brands -- called off a $1.5 billion merger in light of U.S. concerns.

The agencies this year have sought to stop deals in an array of other markets, including movie advertising networks, hospitals and the semiconductor industry. So far this year, Dealogic says companies have abandoned 77 deals worth $263 billion, though that tally includes many deals withdrawn for nonregulatory reasons.

All four current FTC commissioners, three Democrats and a Republican, voted in favor of the Staples lawsuit. Market expansion or new entry by other office-supply vendors wouldn't be timely, likely or sufficient to counter the anticompetitive effects of the merger, the FTC said. Shares of Office Depot fell 16% Monday, while Staples lost 14%.

The companies said the decision was "based on a flawed analysis and misunderstanding of the intense competitive landscape." The lawsuit marks the second time the FTC has intervened to prevent the two companies from combining. The commission in 1997 won a ruling from a federal judge that blocked a Staples-Office Depot merger.

Both companies argued the industry has evolved over the past two decades, including through growing competition from the Internet and big-box retailers. The FTC acknowledged this evolution when it allowed Office Depot to merge with OfficeMax.

"The FTC now contradicts its prior ruling, even though competition has materially intensified in the two years since the commission declared this market highly competitive," the companies wrote in a letter to clients. "This contradiction is not only unfair; it flies in the face of marketplace realities."

The FTC said business-to-business market is distinct from the more competitive retail markets for office supplies sold to consumers.

The companies had sought to ease FTC concerns by offering to shed hundreds of millions of dollars in corporate contracts. FTC staffers weren't enthusiastic about the divestiture offer, and the companies in recent days had offered larger concessions, according to people familiar with the matter.

Both Staples and Electrolux asked the government to take a broader view of markets and give credit to newer, smaller competitors.

The GE transaction was in jeopardy since the summer, when the Justice Department filed a lawsuit to block it.

"This deal was bad for the millions of consumers who buy cooking appliances every year. Electrolux and General Electric could not overcome that reality at trial," Justice Department lawyer David Gelfand said Monday.

Top executives from Electrolux and GE had testified during the trial, which began in early November. Though the court handling the case had yet to render a verdict, GE used its right to terminate the sale after 15 months of talks, which was its first opportunity to walk away from the transaction and collect a breakup fee.

GE said Monday it is entitled to a $175 million breakup fee. Electrolux, though, said it was reviewing the terms of the fee.

"The appliances business is performing well and GE will continue to run the business while it pursues a sale," GE said. GE has been confident it could find another buyer if the Electrolux deal fell through, according to people familiar with the company's thinking.

Electrolux had hoped to create an appliances seller capable of competing with the behemoth of Whirlpool and rising Asian competitors. "We are disappointed but we are certainly not defeated," Electrolux CEO Keith McLoughlin said during a conference call.

---

Jens Hansegard contributed to this article.

[Pro-Life]

Staples reports profits and sales drop... big shock, eh???

Staples Reports Profit, Sales Decline
Date : 11/18/2015 @ 1:20PM
Source : Dow Jones News
Stock : Staples, Inc. (MM) (SPLS)

http://ih.advfn.com/p.php?pid=nmona&article=69372716

10Q filing:

http://ih.advfn.com/p.php?pid=nmona&article=69370206