Genesco laments ‘mudslinging’ in $1.5B buyout dispute
NASHVILLE, Tenn. (AP) - Nashville-based Genesco says a companyand investment bank trying to back out of a $1.5 billion
acquisition are resorting to "mudslinging" in their legal
filings.
Genesco is suing Indianapolis-based The Finish Line to complete
the $54.50-per-share buyout it agreed to in June. Finish Line and
UBS AG have stopped closing the deal because of concerns over
Genesco's financial performance.
Finish Line and the bank earlier this week accused Genesco of
keeping the truth about its financial situation from the buyers
before the deal was completed.
The acquisition is tied up in court.
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