Collective Brands (PSS) Shares Continue Higher as PE Speculation Heats Up

Shares of Collective Brands (NYSE: PSS) are continuing higher Wednesday as private-equity rumors continue to be heard around the Street. After jumping more than 6 percent on Tuesday, the stock is up nearly 5 percent this afternoon. Shares last traded at $16.64.

The NYPost earlier issued an article suggesting the company could be bought around $20/share. This latest rumor comes in contrast to recent rumors a sale could approach the $27/share level.

Citing sources close to the situation, the NYPost said the company is aiming to be sold as a whole rather than in parts. Among possible suitors: Wolverine Worldwide (NYSE: WWW) in combination with a PE firm such as Sun Capital or Golden Gate or a combination between Brown Shoe (NYSE: BWS), Finish Line (Nasdaq: FINL) and several other private-equity parties.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Uniti Group (UNIT), Windstream Said To Near $15 Billion Combination - Bloomberg
• Sanofi (SNY) Said To Ask Banks To Pitch For Role On $20B OTC Spinoff - Bloomberg
• WeWork to sell 27% stake held in India unit via Rs 1,200 crore secondary deal - Bloomberg