Wolverine Worldwide Will Complete Purchase of Collective Brands

by Benzinga Staff
October 9, 2012 8:32 AM | 23 seconds read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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