Finish Line asks court to back its Genesco claims
NEW YORK, Sept 28 (Reuters) - Specialty retailer Finish Line Inc (FINL.O: Quote, Profile, Research, Stock Buzz) on Friday said it asked a Tennessee court to force Genesco Inc. (GCO.N: Quote, Profile, Research, Stock Buzz) to provide information related to their proposed merger or else rule that a materially adverse event has occurred.
Finish Line, which in June agreed to buy the shoe and hat retailer for $1.5 billion, has previously complained that Genesco had breached the merger agreement by not providing financial data or access to executives.
Finish Line said it filed an answer, counter-claim and a third-party claim for declaratory judgment in connection with litigation pending in Nashville Chancery Court.
In addition, Finish Line seeks a declaratory judgment of whether a material adverse effect occurred under the merger agreement. Finish Line said it has named UBS as a party to the litigation because UBS had committed financing for the acquisition.
The company operates mall-based stores including The Finish Line, Man Alive and Paiva. Genesco could not be reached immediately for comment. (Reporting by Joseph A. Giannone)
© Thomson Reuters 2008 All rights reserved
Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.





