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Collective Brands, Inc. (PSS)

PSS is defunct.
  • Oct. 25, 2012, 11:36 AM
    Shares of athenahealth (ATHN -2.1%) dip on the back of today's earlier announcement that PSS Worldwide (PSSI +33%) had agreed to be acquired by McKesson (MCK +4%). PSSI currently sells ATHN's services to physicians, and investors appear to be concerned that the relationship is likely to be derailed over the long-term, despite MCK's assertion that it doesn't plan to immediately "distort or dismantle" any of PSS's relationships "without careful evaluation."
    | Oct. 25, 2012, 11:36 AM | Comment!
  • May 1, 2012, 9:38 AM
    Collective Brands (PSS) gets snapped up by a consortium led by Wolverine World Wide Group (WWW +1.1%) and Golden Gate Capital for $21.75 a share after word leaked yesterday that a deal was in the works. PSS +2.2% to $21.21.
    | May 1, 2012, 9:38 AM | 1 Comment
  • Apr. 30, 2012, 3:12 AM
    Collective Brands (PSS) has apparently picked Wolverine World Wide (WWW) and Golden Gate Capital as the leading group to buy the company, with sources saying an acquisition could be announced as soon as this week at $21-22 per share.
    | Apr. 30, 2012, 3:12 AM | Comment!
  • Apr. 24, 2012, 12:10 PM
    Collective Brands (PSS +3.9%) is weighing final offers to sell itself to South Korea's E-Land or Wolverine World Wide (WWW -0.4%), Bloomberg reports. The Payless Shoe parent has attracted at least one bid valued at ~$2B; PSS is said to plan to make a decision on the bids in the coming days.
    | Apr. 24, 2012, 12:10 PM | Comment!
  • Apr. 5, 2012, 9:01 AM
    Payless Shoes parent Collective Brands (PSS) is poised to sell itself for less than any apparel retailer in America - $20-$22/share - which appears to be the best price it can get, Bloomberg reports. While the range is more than double PSS’s price since it began reviewing its options in August, a buyer would get the retailer at a 62% discount to sales.
    | Apr. 5, 2012, 9:01 AM | Comment!
  • Mar. 29, 2012, 8:52 AM
    Collective Brands (PSS) +10.1% premarket following a Korean business newspaper report that South Korean retailer E-land is planning a $1.8B bid for the owner of Payless and Stride Rite shoe stores. PSS had announced last August plans to shutter underperforming stores and conduct a strategic review.
    | Mar. 29, 2012, 8:52 AM | Comment!
  • Mar. 27, 2012, 11:10 AM
    Volume on Collective Brands (PSS -0.8%) spikes on reports that buyers are preparing for second round of bids.
    | Mar. 27, 2012, 11:10 AM | Comment!
  • Jan. 25, 2012, 8:00 AM
    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.
    | Jan. 25, 2012, 8:00 AM | Comment!
  • Jan. 24, 2012, 9:35 AM
    More takeover talk sparks Collective Brands (PSS +3.2%) shares, as Bloomberg speculates the company "may extract the biggest takeover premium of any apparel retailer in the world." PSS may attract interest from PE firms and rivals such as Wolverine World Wide (WWW) when bids are due next week, and could be worth up to $27/share based on the value of its separate businesses.
    | Jan. 24, 2012, 9:35 AM | Comment!
  • Dec. 5, 2011, 8:35 AM
    Collective Brands (PSS) +4.4% premarket following a NY Post story suggesting PE firms and rival retailers are looking at the shoe seller as a takeover candidate. The owner of the Payless chain reported a loss on lackluster sales in its latest quarter, sending shares plunging and thus making it a more attractive target, sources say.
    | Dec. 5, 2011, 8:35 AM | Comment!
  • Sep. 19, 2011, 1:36 PM
    Shares of Collective Brands (PSS +1.7%), owner of the Payless Shoe chain, tick higher as Bloomberg speculates that the company may lure private equity buyers. PSS, which is reviewing “a full range” of plans to boost shareholder value, has a price-to-sales multiple cheaper than 96% of U.S. apparel and shoe retailers greater than $500M, the report says.
    | Sep. 19, 2011, 1:36 PM | Comment!
Company Description
Collective Brands, Inc. (“Collective Brands” or the “Company”) is a leader in bringing compelling lifestyle, fashion and performance brands for footwear and related accessories to consumers worldwide. We operate a hybrid business model with a product portfolio of powerful brands and private... More
Sector: Services
Industry: Apparel Stores
Country: United States