WOLVERINE
Smart Wristbands Hr 4.0 Bluetooth Wristband Smart Bracelet Bluetooth 2.0 qe WORLD WIDE EXECUTES LETTER OF INTENT

TO SELL BROOKS ATHLETIC SHOE BUSINESS

ROCKFORD, Mich., Sept. 25 /PRNewswire/ Wolverine World Wide, Inc. (NYSE: WWW) today announced that it has signed a letter of intent to sell its Brooks athletic shoe business to the sporting goods division of the Seattle based Rokke
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"The sale of the Brooks athletic shoe business will enable Wolverine
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The closing of the transaction is subject to a number of conditions, including an acceptable due diligence investigation by the buyer, and the negotiation and execution of a definitive agreement. The final purchase price will be based in part on the closing date level
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As a part of the transaction, Wolverine has
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"While we expect the sale, including sale of the UK, French and German operations, will result
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The Brooks athletic shoe heritage traces back to 1914 and is today viewed as a premier running brand with a strong record of technical innovation. Brooks’ technological breakthroughs that have become industry standards include EVA
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The sporting goods division of the Rokke Group includes the largest sporting goods company in Norway, founded in 1901, as
Tw64 Bluetooth Fitness Activity Tracker Smart Band Black Smart Band Wristband Sport Smart Bracelet Bluetooth ms well as international leisure and athletic clothes manufacturing and shoe distribution. The American Norwegian Rokke Group also includes major companies in the shipbuilding, furniture and fisheries industries. $600 million.

"The acquisition of Brooks reflects our long term commitment to the international sporting goods industry," said Johnny Austad, president of the Rokke Group’s sporting goods division.

The investment banking firm of Hayes Griffith, Chicago, and Orkla Finans International, Oslo, have been retained to assist in the transaction.

Wolverine World Wide, Inc. manufactures and markets a wide variety of branded footwear and pigskin leather. In addition to Brooks, major branded products of the company include: Hush Puppies(R) shoes, Wolverine(R) work and sport footwear, Wolverine Wilderness(R) footgear, apparel and accessories,
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Smart Wristband Heart Rate Monitor Fitness Smartband Heart Rate Sleep Monitor yo Mox(R) moccasins, Wimzees(R) casual footwear, Town Country(R) women’s shoes, Kroupana sueded pigskin and Breathin’ Brushed Pigskin(R) leather.

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