Finish Line, Genesco clear waiting period hurdle; merger on track to close in the fall

By Lisa Kerner

Charlotte, N.C., Aug. 15 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of the Finish Line, Inc. and Genesco Inc.

The transaction is expected to close in the fall subject to Genesco shareholder approval and other closing conditions, a news release stated.

Under the specialty retailers' June 18 agreement, Finish Line will acquire Genesco for $54.50 per share in a cash deal valued at about $1.5 billion.

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

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