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GCO TRIAL EVALUATES MAC; GENESCO MANAGEMENT TESTIFIES AS LAWYERS FROM EACH SIDE DEBATE THE FIRM'S FINANCIAL HEALTH.(Finish Line Inc.)(UBS AG)
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Footwear News
- Article date:
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December 17, 2007
- Author:
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Copyright informationCOPYRIGHT 2007 Fairchild Publications, Inc. 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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Byline: Lacey Galbraith, With contributions from Meredith Derby
NASHVILLE, Tenn. - The long-awaited trial to decide the fate of the $1.5 billion Genesco-Finish Line merger got under way last week.
Opening statements from Genesco Inc., Finish Line Inc. and UBS AG began last Monday here in Davidson County Chancery Court. Chancellor Ellen Hobbs Lyle presided over a full courtroom during the first four days of the proceedings as lawyers from the three sides presented evidence. The trial is expected to last about a week.
Finish Line, along with its lender, UBS, claims it can no longer enter into the merger contract because of a "material adverse change" in Genesco's ...
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