Genesco Trading Almost 9% Higher After Announcing Acquisition of Schuh

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Genesco
GCO
is trading almost 9% higher after announcing the acquisition of Schuh Group for 100 million GBP. Schuh Group is a specialty retailer of casual and athletic footwear in the UK. Genesco is currently trading at $49.14, a gain of 8.86%.
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Posted In: Intraday UpdateApparel RetailConsumer Discretionary
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