SAUCONY, ON A ROLL, MAY BE SOLD.
In announcing its 11th consecutive quarter of meetingor exceeding earnings guidance, Saucony said it had retained a financialadvisor to study strategic options for the firm, including the possible sale ofthe company. The move is not a major surprise, as Saucony earlier had doled outa significant amount of its cash in the form of a dividend. Given the need forconsiderable resources to take the brand to the next level in footwear andapparel, it seemed that the sale avenue would be likely.
The list of candidates who will be interested shouldbe fairly long and enthusiastic. It is a unique situation in which a ... Log in to view full article.