In a week filled with announcements and rumours of takeovers, US footwear and accessories retailer Genesco today confirmed that it has received an unsolicited proposal from Foot Locker, Inc. to purchase all of Genesco's outstanding shares for $46 per share in cash. The company's board of directors now intends to consider the proposal, which is subject to due diligence and other conditions, with the assistance of its financial advisor, Goldman, Sachs & Co.

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