Reuters: Global Markets: Wolverine shares seen up after Collective buy: Barron's

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Wolverine shares seen up after Collective buy: Barron's Jul 8th 2012, 17:44 Sun Jul 8, 2012 1:44pm EDT (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.

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