Genesco sets date for merger vote

By Lisa Kerner

Charlotte, N.C., Aug. 13 - The board of directors of Genesco Inc. urged its shareholders to vote in favor of the company's merger with the Finish Line, Inc. and its subsidiary, Headwind, Inc., at a special meeting to be held on Sept. 17. The announcement was made as part of a schedule 14A filing with the Securities and Exchange Commission.

Under the companies' June 18 merger agreement, Genesco shareholders are entitled to receive $54.50 in cash, without interest, for each share of Genesco common stock they own.

The transaction is valued at about $1.5 billion, and the merger of the two specialty retailers is expected to be completed in the fall.

Genesco's Nashville operations will be maintained, and the company will become a subsidiary of Indianapolis-based Finish Line.

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