GCO to distribute per share dividend amount on Finish Line shares
05 Jun '08
1 min read
Genesco Inc announced that all holders of Genesco common stock as of May 30, 2008 will be entitled to receive 0.339931 of a share of The Finish Line Inc Class A Common Stock for each share of Genesco Common Stock held by them as of such date, with cash to be received in lieu of any fractional shares.
A total of 6,518,971 Finish Line shares that Genesco was issued in March 2008 pursuant to a settlement agreement with Finish Line will be distributed to Genesco common shareholders.
The distribution of the Finish Line shares is currently expected to occur on June 13, 2008.