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Wednesday, April 7, 2010 as of 11:14 AM ET

The Timberland Company

The Timberland Company

Timberland LLC is a US-based global manufacturer and retailer of outdoors wear with a focus on footwear.

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Related Topics

  1. VF Corp.
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Get updates on The Timberland Company
Collective Brands To Be Broken Up In $1.32 Billion Deal

Wolverine World Wide Inc.

(WWW) and a pair of private-equity firms agreed to pay roughly $1.32 billion to acquire Collective Brands Inc. (PSS) in a deal that will split portions of the shoemaker's business.Along with Blum Capital Partners and Golden Gate Capital, Wolverine agreed to pay $21.75 a share to acquire the owner of Payless and Stride Rite, in a deal valued at about $2 billion when including the assumption of debt.The purchase price represents a premium of 104% to the 30-day volume-weighted average trading price to Collective Brands' August disclosure that it was launching a review of strategic and financial alternatives.Shares of Collective Brands ended Tuesday trading up 1.9% to $21.16, while Wolverine's stock dropped 4.4% to $40.10.The planned acquisition came as Collective Brands found itself at an inflection point. Last summer, the company said it would close about 475 underperforming stores over a three-year period in an effort to better position its Payless and Stride R...

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  1. Collective Brands To Be Broken Up In $1.32 Billion Takeover Deal

    Wolverine World Wide Inc. (WWW) and a pair of private-equity firms agreed to pay roughly $1.32 billion to acquire Collective Brands Inc. (PSS) in a deal that will sp...

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