NEW YORK, March 3 /PRNewswire/ -- In response to today's announcement,
QVT Financial LP, Genesco's largest shareholder, issued the following
statement:
QVT Financial LP ("QVT") strenuously opposes the proposed settlement
between Genesco (NYSE: GCO), The Finish Line (Nasdaq: FINL) and UBS and
urges Genesco's board of directors to reject the settlement. QVT believes
that the settlement is not in the best interests of Genesco's shareholders
and that approval by the board of the settlement would be a breach of the
directors' fiduciary duties to shareholders. QVT wishes to meet immediately
with the board and management to explain our view that approval of the
settlement would constitute a breach of fiduciary duty and urges the board
to take no action prior to consulting with QVT and other major
shareholders.
SOURCE QVT Financial LP
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CONTACT: Shawn Pattison or Patrick Clifford, The Abernathy MacGregor Group, +1-212-371-5999, for QVT Financial LP
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