Brown Shoe Company, Inc. has entered into a definitive agreement to acquire Boston-based Bennett Footwear Group, LLC, a privately held women's footwear designer and wholesaler, for $205 million in cash. The acquisition is expected to close by May 2005. In addition to the purchase price, future terms provide for performance-based payments of up to $42.5 million over a three-year period if certain financial targets are met.

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