1340 AM, Thursday, August 21st, 2008
Finish Line Settles Merger Dispute
Last updated on Monday, March 03, 2008
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(NEW YORK) - UBS and Indianapolis-based mall retailer Finish Line have agreed to settle a dispute with Genesco over whether UBS would be required to finance a $1.5-billion dollar merger between Genesco and Finish Line.
Finish Line attorney Alan Salpeter says UBS and finish line will pay $175-million dollars in cash to Genesco and Finish Line will issue 12 percent of its class a common stock to Genesco under the settlement.
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