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Genesco announces dividend to distribute Finish Line shares
01 May '08
1 min read
Genesco Inc announced that its Board of Directors has declared a dividend on its common stock in order to distribute 6,518,971 shares of Class A Common Stock of The Finish Line Inc that Genesco was issued in March 2008 pursuant to an agreement with Finish Line and UBS to terminate the merger agreement with Finish Line and settle all related litigation among Finish Line, Genesco and UBS.
All holders of Genesco common stock as of May 30, 2008 will be entitled to receive a pro rata portion of the Finish Line shares, with cash to be received in lieu of any fractional shares. The distribution of the Finish Line shares is currently expected to occur on June 13, 2008.
Genesco Inc, a Nashville-based specialty retailer, sells footwear, headwear and accessories in more than 2,150 retail stores in the United States and Canada.
All holders of Genesco common stock as of May 30, 2008 will be entitled to receive a pro rata portion of the Finish Line shares, with cash to be received in lieu of any fractional shares. The distribution of the Finish Line shares is currently expected to occur on June 13, 2008.
Genesco Inc, a Nashville-based specialty retailer, sells footwear, headwear and accessories in more than 2,150 retail stores in the United States and Canada.
Genesco Inc
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