July 8, 2012 / 5:49 PM / in 7 years

Wolverine shares seen up after Collective buy: Barron's

(Reuters) - U.S. footwear manufacturer Wolverine World Wide Inc (WWW.N) shares could soar following its acquisition of parts of Collective Brands Inc PSS.N, according to a report in Barron’s.

Charles Kantor, portfolio manager at Neuberger Berman, said Wolverine’s stock could approach $50 by the first anniversary of the deal’s completion, the paper said.

Wolverine shares closed at $38.37 on Friday.

Wolverine in May teamed up with private equity partners to buy Collective Brands, the owner of footwear retailer Payless shoe stores for about $2 billion. Wolverine will take over the Collective’s performance and lifestyle group.

Reporting By Scott DiSavino; Editing by Marguerita Choy

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below