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Owner of Payless, Stride Rite stores being sold
Collective Brands Inc., which owns the shoe store chains Payless and Stride Rite, is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies.Collective, which has been looking for a buyer since August, has agreed to an offer from a group including Hush Puppies' Rockford, Mich.-based owner Wolverine Worldwide Inc. and private investment firms Blum Capital Partners
Collective Brands Inc., which owns the shoe store chains Payless and Stride Rite, is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies.Collective, which has been looking for a buyer since August, has agreed to an offer from a group including Hush Puppies' Rockford, Mich.-based owner Wolverine Worldwide Inc. and private investment firms Blum Capital Partners
Deals of the day -- mergers and acquisitions
May 1 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1400 GMT on Tuesday:
May 1 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1400 GMT on Tuesday:
US May Day protests planned, may disrupt commutes
May Day protests may disrupt the morning commute in major U.S. cities Tuesday as labor, immigration and Occupy activists rally support on the international workers' holiday.
May Day protests may disrupt the morning commute in major U.S. cities Tuesday as labor, immigration and Occupy activists rally support on the international workers' holiday.
'Avengers' shoots higher overseas with $185.1M
"The Avengers" isn't playing yet on U.S. movie screens, but the superhero dream team already is a marvel at the worldwide box office.
"The Avengers" isn't playing yet on U.S. movie screens, but the superhero dream team already is a marvel at the worldwide box office.
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