Law360, New York (May 01, 2012, 1:46 PM ET) -- A planned $2 billion takeover will splinter Collective Brands Inc.'s well-known shoe businesses, including Keds and Payless ShoeSource, between global footwear marketer Wolverine World Wide Inc. and two investment firms, the company said Tuesday.
The $21.75-per-share cash transaction offers a 104 percent premium over average trading prices in the 30 days before Collective Brands in August announced it was conducting a strategic review to boost its bottom line. The groups expect to close the deal — which includes debt — in the last half of the...
Keds, Payless Parent Jumps At $2B Takeover Bid
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