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Genesco (GCO +8.7%) holds on to gains after reporting the $240M acquisition of U.K.-based Schuh...

Genesco (GCO +8.7%) holds on to gains after reporting the $240M acquisition of U.K.-based Schuh Group - a specialty retailer of casual and athletic footwear. The purchase gives Genesco an immediate presence in Europe, as well as a boost to FY11 earnings.
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