Staples recently sent the board of The ODP Corp., parent of Office Depot and OfficeMax, a letter proposing an acquisition and the recipient replied that it would proceed on its own terms, which might include a deal between the two companies covering the consumer-facing side of its business.
securities and exchange commission
In a filing with the United States Securities and Exchange Commission, J.C. Penney stated that it has elected not to make a $12 million interest payment set for April 15.
Conn’s has reached a settlement with the Securities and Exchange Commission. The settlement arises from the previously disclosed SEC investigation commenced in November 2014 into the company’s underwriting policies and bad debt provisions from July 31, 2012, to July 31, 2014.
After a seven-year investigation, Walmart has entered into a global settlement with the United States Department of Justice and Securities and Exchange Commission regarding the company’s compliance with the U.S. Foreign Corrupt Practices Act, the retailer announced.
Patrick Byrne, Overstock.com founder and CEO, is selling about 10% of his stock in the company to fund several investments, he revealed in a letter to shareholders.
Under pressure to improve performance, Pier 1 Imports has updated its third quarter fiscal 2017 financial guidance to reflect recent business trends it presented in generally positive terms.
In a filing with the United States Securities and Exchange Commission, Alden Global Capital revealed that it has purchased 7.9 million shares of Pier 1 Imports stock, taking a 9.5% stake in the company, and expressed a desire to become involved in directing the retailer’s business.
Dollar Tree, Inc. will have to divest 340 stores to complete its merger with Family Dollar, according to a statement…