Payless parent Collective Brands (PSS) is reportedly scrambling to cut a deal for the sale of...

|About: Collective Brands, Inc. (PSS)|By:, SA News Editor

Payless parent Collective Brands (PSS) is reportedly scrambling to cut a deal for the sale of the whole company, with sources saying rival Wolverine Worldwide (WWW) is best-positioned to make a bid and would be interested in buying all of the company's brands rather than cherry-picking. If a deal happens, it will likely be around $20/share. PSS +0.8% to $16.02.