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Finish Line and Genesco Face Off Over Sale

INDIANAPOLIS-Finish Line charges Genesco with a breach of its merger agreement following Genesco's lawsuit charging Finish Line with "slow-walking."

By Marita Thomas | Updated on September 24, 2007

INDIANAPOLIS-The Finish Line Inc.’s June 17 agreement to buy Genesco Inc. for approximately $1.5 billion has hit a roadbump. Nashville, TN-based Genesco filed suit in Chancery Court in Tennessee on Sept. 21, charging the buyer, locally based Finish Line, with “buyer’s remorse.”

Finish Line fired back in a statement, saying it has complied with its obligations under the merger agreement. It has asked Genesco for certain financial information and access to the seller’s chief financial officer and financial staff. In the statement, Finish Line says Genesco has refused to comply with the requests.

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