Pennant Reports 8.8 Percent Stake in Genesco

Thu Mar 6, 2008 11:05pm GMT
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LOS ANGELES (Reuters) - Pennant Capital Management reported an 8.8 percent stake in footwear retailer Genesco Inc (GCO.N: Quote, Profile, Research), according a regulatory filing on Thursday.

Pennant, a hedge fund, said it owns 2 million shares in Genesco.

Genesco and rival Finish Line Inc (FINL.O: Quote, Profile, Research) on Monday announced that they had scrapped their plan to merge.

(Reporting by Lisa Baertlein; editing by Carol Bishopric)