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Article Date: January 2018
Word Count: 799

Genesco Attracts Interest from Activist Investor Funds


Legion Partners and 4010 Capital, both activist funds, have teamed up to take a 5% stake in Genesco, and said in their filing that they believe the company’s shares are significantly undervalued and that substantial value could be created by selling certain assets and returning those funds to shareholders. The hedge funds stressed that they are focused on taking a collaborative approach to their views with management, but also did not rule out making other moves to force change, including increasing their position. They also said that they have no specific plans in mind at this time but they do ... Log in to view full article.

 


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