This excerpt taken from the FL 8-K filed May 31, 2007.
FOOT LOCKER, INC.S STATEMENT ON ITS PROPOSAL TO GENESCO INC.
NEW YORK, NY, May 31, 2007 Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today confirmed that it had made a proposal to Genesco Inc. to acquire all of the outstanding common stock of Genesco for $51 per share.
In light of Genescos public release this morning, Foot Locker announced that it was no longer pursuing its proposal.
Foot Locker, Inc. is a specialty athletic retailer that operates approximately 4,000 stores in 20 countries in North America, Europe and Australia. Through its Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker, Champs Sports and Footquarters retail stores, as well as its direct-to-customer channel Footlocker.com/Eastbay, the Company is the leading provider of athletic footwear and apparel.