Collective Brands To Be Broken Up in $2 Bln Sale

A consortium comprised of Wolverine Worldwide, Blum Capital Partners and Golden Gate Capital agreed Tuesday to buy Collective Brands for $21.75 a share, or about $2 billion, including debt. Wolverine Worldwide is buying Collective Brands’ Performance + Lifestyle Group, while Blum Capital and Golden Gate will jointly acquire the operations of Payless ShoeSource and Collective […]

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