Tuesday, May 22, 2007

UPDATE 1-Payless ShoeSource to buy Stride Rite for $800 mln

(Reuters) - The $20.50 a share offer represents a 33 percent premium
over Stride Rite's closing of $15.45 on Tuesday.




The deal is expected to add to earnings per share in fiscal
2008, the companies said in a joint statement.


Read more at Reuters.com Mergers News

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