Foot Locker (FL) Up on Renewed Takeover Chatter

Foot Locker Inc. (NYSE: FL) is seeing interest mid-day on renewed takeover chatter. In November of 2006, commenting on rumors of a takeover, the CEO said rumors of a potential sale of the Company are not true. Separately, Foot Locker has been mentioned as a possible suitor of Genesco (NYSE: GCO).

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.

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

According to reports from WWD.com, 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 WWD.com article $