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Wolverine Worldwide
WWW
announced that today it will complete the previously announced acquisition of
Collective Brands' Performance + Lifestyle Group ("PLG"), which consists of
the Sperry Top-Sider^®, Saucony^®, Stride Rite^® and Keds^® brands, for a
total purchase price of approximately $1.24 billion. Adding these exciting
brands to an existing portfolio that is led by Merrell, Hush Puppies,
Wolverine, Sebago and Caterpillar Footwear creates an even more powerful
collection of lifestyle brands that positions the Company for accelerated
growth in both revenue and profits.
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