Monday's Winners & Losers: Genesco

Updated from 11:14 a.m. EDT

Genesco(GCO Quote) was among the NYSE's winners Monday, rising 8.4% after the footwear retailer agreed to be acquired by the Finish Line(FINL Quote) for about $1.5 billion in cash, or $54.50 a share.

The price represents a premium of nearly 10% to Genesco's closing price of $49.60 on Friday. "This is a compelling strategic transaction that affords exciting opportunities to our shareholders, business partners and employees," Finish Line said. "With Genesco, we will enhance our strength in athletics and gain an immediate presence in new and growing retail categories to further diversify our business and deepen our vendor relationships." The deal is expected to close during the fall of 2007. Shares of Genesco closed up $4.15 to $53.75. Finish Line shares closed down $1.10 to $11.53.

Lee Enterprises(LEE Quote) fell 10.2% after the publisher warned that third-quarter earnings would be below Wall Street's forecast. The company sees earnings of 48 cents to 50 cents a share. Analysts polled by Thomson Financial project earnings of 54 cents a share. Lee said the shortfall is due to a decline in June revenue. Shares closed down $2.45 to $21.48. ...