Collective Brands Inc. : Collective Brands Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Collective Brands, Inc. Concerning the Sale of PSS

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Collective Brands, Inc. ("Collective Brands" or "PSS") (NYSE: PSS) to a consortium compromised of Wolverine Worldwide, Blum Capital Partners and Golden Gate Capital for shareholders. Under the proposed transaction, Collective Brands shareholders will only receive $21.75 in cash for each share of Collective Brands/PSS stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free [phone], via e-mail at [e-mail], or Willie Briscoe at The Briscoe Law Firm, PLLC, [phone], or via email at [e-mail]. There is no cost or fee to you.

The definitive merger agreement involves an all cash transaction with a total equity value of approximately $2 billion, including assumption of debt.

The investigation centers on whether Collective Brands shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Collective Brands stock, and whether Collective Brands' board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, the acquisition price represents only a small premium of approximately 2% over the closing price of Collective Brands the day prior to the buyout announcement. Further, the acquisition price is below the price Collective Brands was trading at just last year ($23.44 on February 18, 2011). "Due to the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue Collective Brands/PSS stock. Our lawsuit will seek to obtain the highest share price for all shareholders," said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Powers Taylor, LLP
Patrick Powers, 877-728-9607
[e-mail]
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
[e-mail]