Send PM
Followers 68
Posts 8861
Boards Moderated 1
Alias Born 08/15/2006

Re: analogdog post# 6

Friday, 12/28/2007 9:08:45 AM

Friday, December 28, 2007 9:08:45 AM

Post# of 20
Judge Rules for Genesco in $1.5B Buyout
Friday December 28, 6:43 am ET
By Erik Schelzig, AP Business Writer
Genesco Wins Lawsuit Over Stalled $1.5B Deal; Fraud Claim Denied

NASHVILLE, Tenn. (AP) -- A judge ruled Thursday that Genesco Inc. executives did not commit fraud during negotiations over a $1.5 billion acquisition and that fellow mall retailer The Finish Line Inc. must complete the purchase.

ADVERTISEMENT
Nashville Chancellor Ellen Hobbs Lyle dismissed Finish Line's claims that Genesco withheld key financial information that could have signaled worse-than-expected earnings after the deal closed in June.

Lyle said Indianapolis-based Finish Line and investment bank UBS AG were sophisticated enough to know what they were getting into with the $54.50-per-share purchase.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Recent GCO News

ILUS Confirms Its First Investment Project in Serbia ILUS Sep 26, 2022 12:23 PM

Thunder Energies Engages Geological Experts For Gold and Minerals Assessment TNRG Sep 26, 2022 9:56 AM

CERRADO GOLD CONFIRMS OVER 250 METRES OF MINERALIZED STRIKE AT GOGO´ DA ONC¸A EXPLORATION TARGET AT ITS MONTE DO CARMO PROJECT, BRAZIL CRDOF Sep 26, 2022 9:45 AM

HealthLynked Announces Upgrades to its MedOfficeDirect Ecommerce Site for Discount Medical Supplies HLYK Sep 23, 2022 8:00 AM

ResGreeen Uses Open-Source Robot Operating System (ROS) to Enhance Integration and Simulation for LilBuddy AMR RGGI Sep 22, 2022 1:58 PM

Branded Legacy, Inc. Partners With Apple Rush Company, Inc. BLEG Sep 22, 2022 12:31 PM

Good Gaming Inc. Sells Out Its Water Bear PFP Mint In Only 45 Minutes With The Premiere of The Genesis Collections GMER Sep 22, 2022 9:15 AM

TRU Opens Up New Copper-Gold-Silver Discovery at Golden Rose TRUIF Sep 22, 2022 9:04 AM

PSYC's Spotlight Media Corp to Host MJBizCon Kickoff Party at Brooklyn Bowl Las Vegas PSYC Sep 22, 2022 8:30 AM

SFLMaven: New NFT Metaverse Jewelry Pieces to Be Released in Q3 2022 SFLM Sep 22, 2022 6:30 AM

Ludwig Files A Patent That Could Be a Major Technology Breakthrough in Healthcare LUDG Sep 22, 2022 12:00 AM

New Break Discusses Fresh Collaborative Approach to Exploring the Moray Property NBRK Sep 21, 2022 12:14 PM

Trend Innovations Holding Inc. discusses its plans to develop a web version of the news aggregator Thy News TREN Sep 21, 2022 9:00 AM

Branded Legacy, Inc. Opens New Corporate Office BLEG Sep 21, 2022 8:53 AM

UAV CORP (UMAV) TO DEMONSTRATE ISRAEL AEROSPACE INDUSTRIES, LTD.'S HD CAMERA SENSOR PAYLOAD ON UPCOMING TEST FLIGHTS UMAV Sep 21, 2022 8:30 AM