Judge rules for Genesco in $1.5B buyout Click here to go to the original topic          Value Investing Forum Forum Index -> Special Situations blast_investor Fri Dec 28, 2007 1:29 am     Judge rules for Genesco in $1.5B buyout  http://www.businessweek.com/ap/financialnews/D8TQ6ESG0.htm Judge rules for Genesco in $1.5B buyout By ERIK SCHELZIG NASHVILLE, Tenn. December 27, 2007 A judge ruled Thursday that Genesco Inc. executives did not commit fraud during negotiations over a $1.5 billion acquisition and that fellow mall retailer The Finish Line Inc. must complete the purchase. blast_investor Fri Dec 28, 2007 1:33 am       The buyout deal has 3 parties: Buyer: Finish Line (FINL) Seller: Genesco (GCO) Lender: UBS There are 2 lawsuits on this deal. GCO suing FINL to complete the merger, now GCO won. This is lawsuit on merger agreement. Another lawsuit is UBS suing FINL/GCO and claiming that UBS can walk away from lending commitment because the company after merger is insolvent, and GCO committed fraud. This is lawsuit on lending commitment, the case is still pending. zhang242463 Fri Dec 28, 2007 3:51 pm       hi, how can you get up to date news so quick?          Value Investing Forum Forum Index -> Special Situations Page 1 of 1 Search Engine Indexer BlastInvest @2005 p h p B B © 2001, 2002 p h p B B Group