Genesco to consider sale - footwearbiz: Leading site for global footwe

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Genesco to consider sale

31/05/2007

Genesco Inc. has rejected a new acquisition proposal of $51 per share, received last week from Footwear Locker, to acquire the US retailer, having concluded that it was not in the best interests of the company's shareholders. However, the board of directors has authorised the company to explore strategic alternatives which maximise shareholder value, including a possible sale of the company.


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