(Reuters) - Genesco sells its gear through a number of retail brands including Lids, Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station and Hatworld. Its shares shot up nearly 13 percent on the news and Foot Locker shares also rose.
Foot Locker made the takeover proposal to Nashville-based Genesco on April 4, offering a 26-percent premium to its average share price during the one year period preceding the proposal date.
Read more at Reuters.com Bonds News
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