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Saucony Inc & Stride Rite Corp	Update Date: 12/19/08
Date Announced: 06/01/05
Value (million $USD): 170.4 million U.S. Dollar

Status: Completed

TRANSACTION DETAILS
Date Announced	06/01/05
Date Originally Announced	06/01/05
Format	Merger	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	Federal Trade Commission; Justice Department
Value	170.4 million U.S. Dollar	Advisor Fees	Saucony Inc agreed to pay Chestnut Securities an advisory fee equal to 1.5% of the aggregate consideration, less opinion fee of $0.25 mil.

SYNOPSIS
US - Stride Rite Corp acquired all the outstanding common stock of Saucony Inc (SI), a manufacturer of athletic footwear and apparel, for $23 in cash per share, or a total value of $170.396 mil. The transaction was duly approved by the board of SI and was subject to regulatory and 2/3 of SI shareholders' approval.

TARGET
Name	Saucony Inc (SCNYA)
Industries	Sporting and athletic goods, nec; Men's footwear, except athletic; Women's footwear, except athletic
City	Peabody
State	MA
Nation	United States
Incorporated in	MA
Public Status	Public
Business Description	Manufacture athletic footwear, athletic apparel and casual leather footwear
Advisors	Chestnut Securities Inc
Target Sales	161.5 million U.S. Dollar

ACQUIROR
Name	Stride Rite Corp (SRR)
Industries	Men's footwear, except athletic; Rubber and plastics footwear; Boot and shoe cut stock and findings; Women's footwear, except athletic; Sporting and athletic goods, nec; Footwear; Shoe stores
City	Lexington
State	MA
Nation	United States
Incorporated in	MA
Public Status	Public
Business Description	Manufacture, wholesale and retail footwear for children and adults, which includes boots, dress shoes, sandals, and sneakers in a variety of styles under the brand names including Baby Smart, Grasshoppers, Keds, Munchkin, PRO-Keds, Robeez, Saucony, Sperry, Sperry Top-Sider, Stride Rite, and Tommy Hilfiger (licensed)
Advisors	Lane Berry & Co Int'l LLC
Acquiror Sales	545.3 million U.S. Dollar

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