Market Overview

Wolverine Worldwide Will Complete Purchase of Collective Brands

Share:
Related WWW
Earnings Scheduled For February 22, 2017
Tanger Factory Outlet Removed From Goldman's Americas Buy List, Downgraded To Neutral Citing Slowing Growth & Increased Expansion Risks
Defense Sector Update February 20th-26th: Tough To Find A Bargain (Seeking Alpha)

Wolverine Worldwide (NYSE: 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.

Posted-In: News M&A

 

Related Articles (WWW)

View Comments and Join the Discussion!