Genesco Reports Subpoena From U.S. Attorney Nov 27, 2007
Nov. 26 /PRNewswire/ -- Genesco Inc. (NYSE: ) reported that it has received a subpoena from the Office of the U.S. Attorney for the Southern District of New York for documents relating to the Company's negotiations and merger agreement with The Finish Line ... Genesco Chairman and Chief Executive Officer Hal Pennington stated, "The U.S. Attorney subpoena comes on the heels of the baseless fraud allegations made by UBS ten days ago. These allegations are completely without merit and are simply... (PR Newswire)
Feds subpoena retailer Genesco Nov 27, 2007
- Shoe and hat retailer Genesco Inc. on Monday said it has received a subpoena from federal prosecutors in New York for documents related to buyout negotiations with The Finish Line Inc.. The subpoena from the U.S. Attorney for the Southern District of New York is in response to alleged violations of federal fraud statutes, Genesco said in a release. (AZCentral -- Business)
Feds Want Genesco Papers Nov 27, 2007
November 27, 2007 -- Genesco Inc., the sho 00004000 e retailer seeking to be bought by Finish Line Inc., said it received a subpoena from the US attorney's office in New York related to its merger agreement. The subpoena says documents are being sought in connection with alleged violations of federal fraud statutes, Nashville, Tennessee-based Genesco said in a statement. (New York Post -- Business)
Genesco Trips On UBS Balk Nov 20, 2007
00004000 November 20, 2007 -- Genesco Inc., the shoe retailer seeking to be bought by Finish Line Inc., fell the most in five years after UBS AG asked a judge to let it out of an agreement to finance the 1. 5 billion acquisition. (New York Post -- Business)
Davidson, former GSB Dean, set accounting standards Nov 2, 2007
Sidney Davidson, a nationally recognized scholar of accounting whose research changed the practice in boardrooms and on Wall Street, died Saturday, Sept. 15 at his home in Chicago s Hyde Park neighborhood. Davidson, who was a Distinguished Service Professor Emeritus in the Graduate School of Business, also served as Dean of the school from 1969 to 1974, and led efforts to improve its facilities and add more endowed professorships as a means of attracting top faculty. (Univeristy of Chicago Chronicle, IL)
Genesco turns over more than 1.5M pages in buyout lawsuit Oct 27, 2007
Shoe and hat retailer Genesco Inc. has turned over more than 1. 5 million pages of internal documents in its lawsuit to force The Finish Line Inc. to complete a buyout. (San Diego Union-Tribune -- Business)
Finish Line Files Answer, Counterclaim and Third-Party Claim for Declaratory Judgment Sep 29, 2007
INDIANAPOLIS, Sept. 28 /PRNewswire-FirstCall/ -- The Finish Line, Inc. (Nasdaq: ) today announced that it has filed an answer, counterclaim and third-party claim for declaratory judgment in connection with the action pending in the Chancery Court in Nashville, Tennessee, regarding the Company's proposed acquisition of Genesco Inc. (NYSE: ). In its filing, The Finish Line is seeking an order that Genesco provide all requested financial data and access to personnel, and that its failure to do so... (PR Newswire)
Finish Line says Genesco in breach of merger deal Sep 25, 2007
5:30 a.m. September 24, 2007. NEW YORK Finish Line Inc Monday said Genesco Inc breached their merger agreement after it refused to comply with requests for access to Genesco's chief financial officer and to some financial information. (San Diego Union-Tribune -- Business)
Genesco Files Suit to Force Finish Line to Complete $1.5 Billion Takeover Sep 23, 2007
Sept. 21 (Bloomberg) -- Genesco Inc. said it filed a lawsuit seeking to require Finish Line Inc. to complete the $1. 5 billion purchase of the company. (Bloomberg)
Genesco sues to have Finish Line and UBS complete $1.5B buyout Sep 22, 2007
Shoe and accessory retailer Genesco Inc. is suing The Finish Line Inc. to complete its $1. 5 billion buyout, Genesco announced Friday. (San Diego Union-Tribune -- Business)
UBS stops processing Finish Line's $1.5B buyout of Genesco Sep 20, 2007
Investment bank UBS AG has stopped working on closing documents for The Finish Line Inc.'s buyout of Genesco Inc. because of concerns about Genesco's financial performance since the deal was announced. Indianapolis-based Finish Line said on Wednesday that UBS Loan Finance LLC and UBS Securities LLC have asked for additional information before signing off on the $1. (San Diego Union-Tribune -- Business)
Genesco shareholders approve $1.5B buyout by Finish Line Sep 18, 2007
Genesco Inc. shareholders on Monday approved a $1. 5 billion buyout by specialty retailer Finish Line Inc. after concerns about the financial health of Genesco were raised by an investment bank financing the deal. (San Diego Union-Tribune -- Business)
Genesco Responds to Finish Line Press Release Sep 15, 2007
Sept. 14 /PRNewswire-FirstCall/ -- In response to The Finish Line's announcement, Genesco Inc. (NYSE: ) reiterates that no "material adverse effect" under the previously announced merger agreement with Finish Line has occurred with respect to Genesco ... About Genesco: Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in more than 2,050 retail stores in the United States and Canada, principally under the names Journeys, Journeys Kidz, Shi by Journeys,... (PR Newswire)
Stocks to Watch Aug 30, 2007
Genesco Inc. () is expected to post earnings of 31 cents a share for the second quarter. H&R Block Inc. () is expected to report a first-quarter loss of 36 cents a share. (Fox News)
Genesco sets shareholder meeting date to vote on $1.5 billion buyout Jul 28, 2007
Footwear and accessories retailer Genesco Inc. said Friday that it will hold a special shareholders meeting on Sept. 17 to vote on the $1 ... On the Net: Genesco Inc. Finish Line Inc.. (San Diego Union-Tribune -- Business)
Report: KKR in talks to buy Macy's for $24 billion Jul 18, 2007
In May, there was a flurry of reports that KKR was targeting footwear companies Skechers USA Inc. and Genesco Inc. to take them private in two separate deals. . (Newsday -- Business)
Finish Line shares fall after disappointing update Jun 30, 2007
In an effort to diversify its revenue stream and have more access to fashionable items, Finish Line last week said it will buy Genesco Inc., which runs the Journeys and Lids chains. Finish Line shares were down 63 cents at $9. (San Diego Union-Tribune -- Business)
Genesco Declares Quarterly Dividends Jun 22, 2007
June 21 /PRNewswire/ -- The board of directors of Genesco Inc. (NYSE: ) has declared dividends on the various classes of its preferred stock for the quarter ending July 29, 2007, payable on July 30, 2007, to shareholders of record on July 16, 2007 ... 375 per share Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in more than 2,050 retail stores in the United States and Canada, principally under the names Journeys, Journeys Kidz, Shi by Journeys,... (PR Newswire)
Finish Line to acquire retailer Genesco Jun 19, 2007
INDIANAPOLIS, IN, United States (UPI) -- Footwear and hat retailer Genesco Inc. has agreed to be acquired by Finish Line Inc. for about $1. 46 billion in cash, the U.S. companies announced. (Monsters and Critics.com)
US markets droop as oil tops $US69 a barrel Jun 19, 2007
Shares of Genesco Inc. jumped 8. 4 percent to $US53. (Sydney Morning Herald -- Business)
US STOCKS-Indexes dip as oil tops $69, home builders sag Jun 19, 2007
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Finish Line to pay about $1.5B for footwear retailer Genesco Jun 19, 2007
5 billion for footwear and accessories retailer Genesco Inc., which recently rejected a lower offer from Foot Locker Inc. ... On the Net: Genesco Inc. Finish Line Inc.. (San Diego Union-Tribune -- Business)
Business Digest Jun 19, 2007
5 billion for footwear and accessories retailer Genesco Inc., which recently rejected a lower offer from Foot Locker Inc. Finish Line said combined sales of the companies amount to about $2. 8 billion from 2,870 retail stores in the United States, Canada and Puerto Rico. (Sunspot.net -- Business)
Stocks Head for Moderately Higher Open Jun 18, 2007
On Monday, Finish Line Inc. said it agreed to acquire Genesco Inc. for about $1. 46 billion and putting to rest speculation about the fate of the footwear and accessories retailer. (Waterloo Courier, IO)
Genesco sold to Finish Line for $1.46-billion Jun 18, 2007
46-billion (U.S.) for footwear and accessories retailer Genesco Inc., which recently rejected a lower offer from Foot Locker Inc. ... Genesco Inc., a Nashville-based specialty retailer, sells shoes, hats and accessories in more than 2,000 retail stores in the United States and Canada under several store names, including Journeys, Johnston y, Underground Station, Hatworld and Lids. (Globe and Mail -- Business)
Genesco rejects second Foot Locker offer but still may seek buyer Jun 1, 2007
Footwear and accessories retailer Genesco Inc. said Thursday it wants to sell the company but has rejected a second, higher acquisition offer from Foot Locker Inc.. Genesco also reported that its first-quarter profit fell 79 percent and it lowered its 2008 guidance, citing charges for closing 57 underperforming stores. (San Diego Union-Tribune -- Business)
The Hot Growth 100 May 30, 2007
Genesco Inc. ( ), founded in 1924, once was one of the largest shoe manufacturers in the U.S. As low-cost imports flooded the market, the company became a retailer. Today its Journeys and Underground Station stores provide young adults with trendy footwear. (BusinessWeek)
Nike, Foot Locker to open basketball stores May 23, 2007
Most e-mailed(last 24 hours). Nike, Foot Locker to open 50 U.S. basketball stores. (Chicago Tribune)
REPORT: KKR EYES GENESCO, SKECHERS May 22, 2007
May 22, 2007 -- Shares of footwear companies Skechers USA Inc. and Genesco Inc. rose yesterday, following a published report that they are being targeted by a buyout firm to take them private in two separate deals. The plan is to combine the companies, after the deals are completed. (New York Post -- Business)
Business Briefs Apr 25, 2007
-- Genesco Inc. rejected Foot Locker Inc.'s $1. 2 billion takeover offer Monday, but Foot Locker isn't ruling out the possibility of raising its bid for its footwear and accessories rival. (Fresno Bee -- Business)
Genesco rejects Foot Locker takeover offer Apr 24, 2007
Genesco Inc. rejected a $1. 2 billion takeover offer from Foot Locker Inc. yesterday, but Foot Locker isn't ruling out the possibility of raising its bid for its footwear and accessories rival. (Sunspot.net -- Business)
STORY STOCKS Apr 22, 2007
April 22, 2007 Aeroflex Inc. (ARXX). The Plainview-based communications components supplier received a rival buyout bid from a private equity firm. (Newsday -- Business)
Foot Locker Makes $1.2B Bid for Genesco Apr 21, 2007
2 billion cash bid for retailer Genesco Inc.. The $46-per-share bid represents a 26 percent premium to Genesco's average share price during the one-year period prior to April 4, when Foot Locker first sent a letter to Nashville-based Genesco expressing takeover interest. (Houston Chronicle)
Charlotte and Manatee flat for unemployment in March, Sarasota sees slight rise Apr 20, 2007
2 billion cash offer for shoe, hat and accessories retailer Genesco Inc., which said Friday it will evaluate the proposal with its financial adviser Goldman Sachs. The $46-per-share bid represents a 26 percent premium to Genescos average share price during the one-year period prior to April 4, when Foot Locker first sent a letter to Nashville-based Genesco expressing takeover interest. (Herald-Tribune)
Foot Locker prepares to bid for Genesco-WWD Mar 20, 2007
NEW YORK Foot Locker Inc., the world's largest retailer of athletic shoes and apparel, is preparing a takeover bid for rival Genesco Inc. to expand into the hat business, an industry publication reported Monday. New York-based Foot Locker, which itself had been the subject of buyout speculation for much of last year, is preparing a tender offer for Genesco in the $44-to-$46-per-share range, but could go as high as $48, Women's Wear Daily reported. (San Diego Union-Tribune -- Business)
Stocks to Watch, March 7 Mar 7, 2007
Genesco Inc. () is expected to report fourth-quarter earnings of $1. 31 a share. (Fox News)
