Staples and Office Depot to Terminate Merger Agreement
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UBS Downgrades Staples, Inc. (SPLS) to Neutral
May 11, 2016 7:37 AM UTCUBS downgraded Staples, Inc. (NASDAQ: SPLS) from Buy to Neutral with a price target of $10.50 (from $14.00) after the merger was terminated.
Analyst Michael Lasser commented, "Without the value creation potential from a merger with ODP, SPLS' investment case rests on a... More
Office Depot (ODP) Sinks 36%, Staples (SPLS) Falls 15% as Trading Resumes Following Merger Termination
May 11, 2016 7:15 AM UTCOffice Depot (NASDAQ: ODP) plunges 36.5% and Staples (NASDAQ: SPLS) 15.5% as trading resumes after the merger was terminated.
Jefferies Downgrades Office Depot (ODP) and Staples (SPLS) to Hold on Merger Termination
May 11, 2016 6:49 AM UTCJefferies downgraded both Office Depot (NASDAQ: ODP) and Staples (NASDAQ: SPLS) from Buy to Hold with a price target of $5.25 and $9, respectively, after the merger of the two companies was terminated.
Analyst Danial Binder... More
