Genesco to acquire leading footwear licensee togast and to enter into a levi's footwear license agreement

Genesco to acquire leading footwear licensee togast and to enter into a levi's footwear license agreement.genesco inc - deal for $33.7 million in cash at closing.genesco - purchase price paid at closing is expected to be funded from cash on hand.genesco - deal includes an additional $34.0 million in cash contingent on achievement of financial targets over next 4 years.genesco - deal is expected to be accretive to next year's earnings.genesco - commensurate with closing of transaction, co will enter into new u.s. footwear license agreement for men, women & children for levi's.genesco - commensurate with closing of transaction, co will renew and extend its men's dockers footwear license.
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