Shares of Office Depot, Inc. (ODP) and Staples, Inc. (SPLS) were punished Wednesday morning, falling some 35% and 15%, respectively, after Staples' decision to walk away from the deal came on the heels of a recent ruling by the U.S. district court for the District of Columbia, which recently supported a request by the Federal Trade Commission (FTC) to block the merger, citing anti-competitive effects. Because of Staples' decision, not only must the company now pay Office Depot a $250 million breakup fee.... That's not going to help CABs bottom line
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If the merger goes thru. I am curious does anyone know what has been agreed to on severance pay for Cabela's employee which may be laid off. Also have anyone heard if so many positions has been guar teed for a certain time period with a merger.
I'm thinking YOU don't know how this works - as of now the deal is still on (whether it happens that's another story & no it's not looking good for that to happen) BP has agreed to pay $65.50 per share at the time the sale is finalized (some time this year & after they let the Cabela's shareholders vote on it). In the meantime the price of the stock can change as much as it wants, today it could be worth $ .50 cents per share and tomorrow it could jump to $100 per share or more, the value and trading hasn't stopped nor will it until BP or somebody else takes us private once more .
Wake up...look at the stock price. If the existing deal was on the the stock would be at $65. Don't you get how this works?
Read the article or the post which we were discussing the proposed merger between staples and office depot. The chatter stated the deal was called off on Wednesday . I looked it up and the proposed merger was called off May 12, 2016. Sorry to clause so much fear to you the deal had been called off.
The deal has not been called off...where did you hear that? Again got any proof? EVERYBODY is in it for the money, from the executives at the top (obviously), to the Sidney city elite (lining their own pockets), to the Cabela family (isn't that why they started the company and are ending it), to Cabela's employees (who moved from far and wide to get a piece of the action, to Johnny Morris (opportunity to expand), to the economy and the current administration (Overall retail profits and gun sales are down across the board), to the greed posed by the stock market (Elliot group and all the Cabela's shareholders). Money, Money, Money...it is what makes the world go around. AND ALL SHOULD ACCEPT A SHARE OF THE BLAME. It was a perfect storm...Cabela's out grew it's small town roots and should have moved their corporate headquarters LONG ago.
the deal wasn't call off on Wednesday but last May 12, 2016 wasn't it.
There are costs if they break up before October 3, 2017, but what are the costs after that date? Especially if the break up is mutual? (So high schoolish!)