Wolverine Worldwide, Blum Capital and Golden Gate Capital Sign Definitive Agreement to Acquire Collective Brands - Wolverine World Wide (NYSE:WWW)

27% profit every 20 days?

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Collective Brands, Inc. (NYSE: PSS) and a consortium comprised of Wolverine Worldwide (NYSE: WWW), Blum Capital Partners and Golden Gate Capital today announced that they have entered into a definitive agreement under which Collective Brands will be acquired for $21.75 per share in cash, or a total of approximately $2.0 billion, including the assumption of debt. The purchase price represents a 104% premium to the 30-day volume weighted average trading price prior to the August 24, 2011 announcement that Collective Brands' Board of Directors, together with management, would conduct a review of strategic and financial alternatives.

27% profit every 20 days?

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