Foot Locker walks away from Genesco - footwearbiz: Leading site for gl

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Foot Locker walks away from Genesco

01/06/2007
 
Having confirmed that it had made a proposal to acquire all of the outstanding common stock of footwear group Genesco for $51 per share, which was rejected, New York-based specialty athletic retailer Foot Locker, Inc., has announced that it will no longer pursue its proposal. This decision follows an announcement made by Genesco that it was willing to consider offers from other parties.


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