Finish Line (NASDAQ:FINL) said that they have recieved a subpoena asking for documents related to its proposed merger with Genesco (GCO_|, and that they are complying with the request. Finish Line has attempted to back out of the merger, and Genesco has filed suit to attempt to force the merger to close.
Alliance Data Systems (NYSE:ADS) shares dropped as much as 18% during trading yesterday on rumors that their merger agreement with Blackstone Group (NYSE:BX) for $81.25 per share was being renegotiated. The company issued a press release stating that the rumors were not true, and shares recovered by the end of the trading day.
Doctors Co. received antitrust clearance to buy SCPIE Holdings (SKP) for $281 million.
SAP (NYSE:SAP) has received all required regulatory approvals for their purchase of Business Objects (BOBJ), and said that they plan to begin a tender offer for the shares of Business Objects on December 4.
Image Entertainment (OTC:DISK) and BTP have extended the closing date of their merger until December 3. The closing date could be pushed out to December 7 if BTP deposits $2 million in trust by the close of business on December 3.