Wednesday, July 11, 2012
Wolverine shares seen up after Collective buy
U.S. footwear manufacturer Wolverine World Wide Inc shares could soar following its acquisition of parts of Collective Brands Inc, according to a report in Barron's. Photo: WolverineCharles 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
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