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Collective Brands, Inc. (PSS)
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This company has recently been acquired or received a credible acquisition offer.

May 22, 2007 - Payless ShoeSource, Inc. (NYSE: PSS) and The Stride Rite Corporation (NYSE: SRR) announced today the signing of a definitive agreement by which Payless will acquire Stride Rite, which owns or licenses such key upscale brands as Stride Rite(R), Keds(R), Sperry Top-Sider(R), Tommy Hilfiger Footwear(R), Saucony(R) and Robeez(R), for approximately $800 million plus the assumption of Stride Rite debt. The all-cash offer of $20.50 per share represents a 32% premium over Stride Rite's average stock price over the past 90 days and was approved unanimously by the boards of directors of both companies. [1]





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  1. ↑ Stride Rite
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