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BRIEF-Staples says it recorded a loss of $907 mln related to sale of controlling interest in European operations in Q1 2017

May 16 Staples Inc

* Staples Inc says in Q1 of 2017, recorded a loss of $907 million related to sale of controlling interest in European operations - SEC filing

* Staples Inc says expect to generate about $300 million of annualized pre-tax cost savings by end of 2018 Source: (bit.ly/2qnbdix) Further company coverage:

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