TITLE

Payless in Deal For Stride Rite

AUTHOR(S)
Zaczkiewicz, Arthur; Young, Vicki M.
PUB. DATE
May 2007
SOURCE
WWD: Women's Wear Daily;5/23/2007, Vol. 193 Issue 111, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that footwear retailer Payless ShoeSource Inc. will acquire The Stride Rite Corp. for $800 million, plus debt. The all-cash deal represents $20.50 a share, and follows Payless' $91 million acquisition in March 2007 of Collective International LP, owner of Airwalk and Vision Street Wear. The company will be renamed Collective Brands Inc. and will operate three separate divisions: Collective Licensing, Payless ShoeSource and Stride Rite.
ACCESSION #
25289984

 

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