This has higher than average risk and is priced accordingly. It is also priced at 99% chance the merger will not go through. This is dead money until the share repurchase resumes.
it comes down to some judge. too much power in one persons' hands. who knows what the judge will do. it makes sense to me that the judge will have them try to negotiate further before final ruling. ftc refuses to even negotiate terms with spls. i sold off my position. there are other companies to invest in and i don't trust that the logical thing will be done. ...
To stop this merger is to accelerate their demise.
I have no position in these either of the two stocks but insanity prevails when FTC stops this merger and hands over the world to Amazon.
Staples Inc. will walk away from its yearlong effort to purchase Office Depot Inc. if a judge grants a preliminary injunction from the U.S. Federal Trade Commission, which is seeking to block the deal.
The injunction hearing is due to begin this month, with U.S. District Judge Emmet Sullivan ruling on the case by May 10. If the Sullivan sides with the FTC, “the acquisition of Office Depot is over from our perspective,” Staples said on a conference call on Friday.
Meaning Indians on H1B Visas taking high tech jobs, Central Americans taking low tech jobs in burger flipping and China taking all production jobs!!! Better get back to farming! That's all folks!
Meh - missed estimates, but not a terrible showing.
Current Q1 analyst estimates is midpoint of company guidance.
I believe that company is fighting a losing battle with FTC and they are just wasting time and money on it. Should they win and merger proceeds, then there will be another 2 years of charges being taken for expenses related to the merger. I'd much prefer to see them drop the merger, finish up on the current turnaround activities, and get back to business. The merger is too much of a distraction taking management time and no doubt expenses.
Slight beat. Nothing to get excited about. Sold my shares today that I purchased at $9.50. Not much upside. Looking for update on near dead merger.
well, sold my shares late today - not sure if I did the right thing. if it rallies I will be left in the dust. if it goes down, I may or may not buy my shares back at a discount. ..glta
Agreed. This is the perfect time to crater on earnings and revenue. The only telling sign will be cash flow. SPLS is trying to sell the FTC. Unfortunately, nothing will sell the FTC because SPLS tried to rub Obama's nose in the ACA. There will be no forgiveness on this. FTC will do nothing to assist SPLS in the next 12 months.
- Dividends: Staples has declared first quarter dividend 0.12 per share