Monday, March 12, 2007

Genesco (GCO) Higher On Reports Foot Locker (FL) Could Be Interested in Buying the Company

According to reports from, Foot Locker Inc. (NYSE: FL) is eying an acquisition and Genesco Inc. (NYSE: GCO) could be a good fit. The speculation follows comments from Foot Locker's CEO Matthew Serra that, "opportunities that we have looked at were aimed at acquiring businesses that would be complementary to our existing business."
Brown Shoe (NYSE: BWS) and Shoe Carnival (Nasdaq: SCVL) were also mentioned as possible targets.
Shares of Genesco are 3% higher in mid-day action.
Link to article $

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