The Finish Line, Inc. made the following statement regarding the filing by Genesco Inc. of a suit in Chancery Court in Nashville, Tennessee, regarding the Company's proposed acquisition of Genesco:
“The Finish Line has complied with its obligations under the merger agreement, and as previously announced, continues to work on the closing documents. In that regard, The Finish Line has asked Genesco for certain financial and other information as well as access to Genesco's Chief Financial Officer and financial staff. However, to date Genesco has not responded to and has refused to comply with these requests. These failures constitute a breach of the merger agreement, and The Finish Line is today notifying Genesco of same.
“We regret that Genesco has chosen to initiate litigation. We are reviewing the Genesco lawsuit and will take the necessary steps to protect the interests of The Finish Line and its shareholders.
“We have no further comment at this time.”
