Foot Locker (FL) Preparing Tender Offer for Genesco (GCO) - WWD

WWD (Women's Wear Daily) reports Foot Locker (NYSE: FL) is preparing a bid for Genesco (NYSE: GCO). The article reports financial sources say Foot Locker is preparing a tender offer for shares of GCO between $44-46 per share and could be announced as soon as this week.