Essendant's Acquisition Of Wholesale Business From Staples Called Off Due To Preliminary Injunction Ruling
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UBS Downgrades Staples, Inc. (SPLS) to Neutral
May 11, 2016 7:37 AM EDTUBS 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 EDTOffice Depot (NASDAQ: ODP) plunges 36.5% and Staples (NASDAQ: SPLS) 15.5% as trading resumes after the merger was terminated.
