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Article: Genesco Announces that Court Orders Specific Performance of Merger Agreement by The Finish Line.
- Article from:
- PR Newswire
- Article date:
- December 28, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NASHVILLE, Tenn., Dec. 28 /PRNewswire/ -- Genesco Inc. announced today that the Chancery Court for the State of Tennessee has ordered The Finish Line, Inc. to specifically perform the terms of its Merger Agreement with Genesco. In relevant part, the Court's order states:
It is therefore ORDERED that the Court declares that all conditions to the
Merger Agreement have been met. The Court declares that Finish Line has
breached the Merger Agreement by not closing and declares that Finish Line
is not entitled to invoke the December 31, 2007 termination procedures of
Section 8 of the Merger Agreement. The Court ORDERS that Finish Line
shall ...