Genesco's (GCO) Largest Shareholder, QVT, Opposes Settlement

In response to today's announcement, QVT Financial LP, Genesco's largest shareholder, issued the following statement:

QVT Financial LP 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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