- American City Business Journals•4 hours ago
Framingham-based Staples Inc. said Wednesday that it would sell a majority stake in its European business to private-equity firm Cerberus Capital Management LP. Staples’ European business consists of retail, contract, and online businesses in 16 countries, generating about $1.6 billion in annual sales. As part of the deal, Staples (SPLS) will retain a 15 percent equity interest in the business.
- Reuters•9 hours ago
Staples' European unit consists of retail, contract and online businesses in 16 countries, generating aggregate annual sales of about 1.7 billion euros. The company said it would retain a 15 percent stake in the European business. The deal comes two months after smaller rival Office Depot Inc (ODP.O) said it would sell its European operations to investment company Aurelius Group.
SPLS : Summary for Staples, Inc. - Yahoo Finance
Staples, Inc. (SPLS)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||9.68 x 100|
|Ask||9.96 x 200|
|Day's Range||9.80 - 10.04|
|52 Week Range||7.24 - 11.37|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-14.03|
|Dividend & Yield||0.48 (4.98%)|
|1y Target Est||N/A|