Large payday looms

Mindy Grossman, a celebrity CEO when she ran St. Petersburg-based HSN for a decade, might collect a big payday in the blockbuster QVC-HSN acquisition.

Grossman left the TV shopping network in April, when she was named CEO of Weight Watchers. She held 536,499 shares of HSN stock through March 27, according to public filings. If Grossman hadn't exercised those options, her holdings would be worth $21.65 million under the current terms of the QVC-HSN deal.

The acquisition, announced July 6, calls for West Chester, Pa.-based QVC, a unit of Liberty Interactive, to buy HSN for $2.1 billion. The deal, according to a statement, is expected to close by the fourth quarter.