Monday, June 18, 2007

Finish Line to buy Genesco for $1.5 bln in cash

(Reuters) - June 18 - Finish Line Inc. said it agreed to acquire larger rival Genesco Inc. for $54.50 per share, or about $1.5 billion, in cash to enhance its footwear and apparel portfolio.



The offer price represents a premium of about 9.9 percent over Genesco's Friday stock closing price of $49.60 on the New York Stock Exchange.


Read more at Reuters.com Mergers News

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