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Pending Transaction
6 Months Ended
Jul. 28, 2012
Pending Transaction

Note 15 – Pending Transaction

On May 1, 2012, the Company entered into a definitive agreement with a consortium of companies comprised of Wolverine World Wide, Inc., Blum Strategic Partners IV, L.P. and Golden Gate Capital Opportunity Fund, L.P., under which Collective Brands will be sold for $21.75 per share in cash. The closing of this transaction, which was approved by shareholders on August 21, 2012, is expected to occur late in the third or early in the fourth calendar quarter of 2012.