Topeka, KS—Collective Brands Inc., parent to Payless ShoeSource, Sperry Top-Sider and Stride Rite, may be purchased for a bargain amount this month if prospective bids for the company come through.
According to a report by Bloomberg News, Collective Brands is seeking final offers by the end of the month from South Korea-based E-Land Group and Brown Shoe.
Although final offers haven been received, reported bids would have the company at $20 to $22 a share, or about $1.33 billion. That’s about a 62% discount to sales, less than any of the company’s publicly traded rivals, Bloomberg reported.
Last year, faced with growing losses (its debt may exceed $500 million) and plans to close 475 under-performing Payless and Stride Rite stores, Collective launched a new strategy that included working with Perella Weinberg Partners LP and Kurt Salmon to explore strategic options.
Out of an original pool of 10 potential buyers, only a handful still remain interested, Bloomberg said.
According to Maeil Business Newspaper in South Korea, E-Land offer a $1.8 billion joint bid, or even a solo bid. And Brown Shoe may make its bid with with Cerberus Capital Management LP. Other private equity firms who may be interested include Golden Gate Capital Corp. and Leonard Green & Partners LP.
For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.