Friday, December 28, 2007
A Tennessee state court ordered The Finish Line to complete its $1.5 billion LBO of Genesco. The Finish Line, in September, said it was calling off the deal because its adviser, UBS, raised concerns about Genesco's financial condition. However, the issue of the solvency of the combined entity remains an issue in a New York law suit brought by UBS. CFO.com, Court Orders Shoe Companies to Pair Up.