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 NASHVILLE, Tenn. (AP) - Speciality retailer Finish Line Inc. said Monday it agreed to pay about $1.5 billion for footwear and accessories retailer Genesco Inc., which recently rejected a lower offer from Foot Locker Inc.
Genesco shares rose more than 8 percent on news of the deal.
Finish Line, a leading mall-based retailer based in Indianapolis, said combined sales of the companies amount to about $2.8 billion from 2,870 retail stores in the United States, Canada and Puerto Rico.
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