Pennant Capital sells 1.8 million shares of Genesco

By Lisa Kerner

Charlotte, N.C., March 6 - Pennant Capital Management, LLC sold 1,822,400 shares of Genesco, Inc. between Jan. 8 and March 3 priced from $23.98 to $32.92 each.

The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 2 million shares, or 8.8%, of the Nashville-based specialty retailer.

On March 4, Genesco, the Finish Line, Inc., UBS LLC and UBS Loan Finance LLC entered into a definitive agreement to terminate their merger agreement and settle related litigation.

On Sept. 17, Genesco shareholders approved the June 18, 2007 merger agreement with the Finish Line that would have given them $54.50 in cash, without interest, for each share of Genesco common stock they owned in a deal valued at some $1.5 billion.

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