Tuesday, 22 May 2007

UPDATE 2-Payless ShoeSource to buy Stride Rite for $800 mln

(Reuters) - The news sent shares of Stride Rite up more than 30 percent
in extended trade, while Payless' stock rose more than 4
percent.




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


Read more at Reuters.com Bonds News

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