ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
Effective
The Purchase Agreement contains customary representations, warranties and covenants by each party. Togast, Togast Direct, TGB Design, the Unitholder and the Purchaser have agreed to indemnify the other party(ies) for losses arising from certain breaches of representations, warranties and covenants of the parties and for certain other matters, subject to applicable limitations set forth in the Purchase Agreement.
The acquisition by Purchaser of the assets of TGB China for a purchase price of
A copy of the Purchase Agreement was attached as Exhibit 2.1 to the Company's
Current Report on Form 8-K filed on
The Purchase Agreement is not intended to modify or supplement any factual
disclosures about the Company or its subsidiaries in the Company's public
reports filed with the
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ITEM 7.01. REGULATION FD DISCLOSURE.
On
The information furnished pursuant to this Item 7.01 and Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall not be deemed to be incorporated by reference in any filing of the Corporation under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.
Forward-Looking Statements
This Current Report on Form 8-K contains statements that are not historical
facts but rather forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
include those that address activities, events or developments that the Company
or its management believes or anticipates may occur in the future, including the
closing of the acquisition of the assets of TGB China. All forward-looking
statements are based upon the Company's current expectations, various
assumptions, and data available from third parties. The Company's expectations
and assumptions are expressed in good faith and the Company believes there is a
reasonable basis for them. However, there can be no assurance that such
forward-looking statements will materialize or prove to be correct as
forward-looking statements are inherently subject to known and unknown risks,
uncertainties and other factors which may cause actual future results,
performance or achievements to differ materially from the future results,
performance or achievements expressed in or implied by such forward-looking
statements. Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those set out in the forward-looking
statements, including: the possibility that the acquisition of the assets of TGB
China may not occur or may be delayed; the potential for litigation or
governmental investigations relating to the Transaction; potential adverse
reactions or changes to business or employee relationships, including those
resulting from the announcement of the Transaction; integrating the acquired
business may distract the Company's management from other important matters;
failure to realize expected benefits of the Transaction, including a positive
impact on the Company's earnings; and the other factors discussed in "Risk
Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended
The Company undertakes no obligation to update publicly or revise any forward-looking statements in light of new information or future events. For any forward-looking statements contained in this or any other document, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and the Company assumes no obligation to update any such statement.
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ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits The following exhibit is furnished herewith: Exhibit Number Description Press Release datedJanuary 2, 2020 , issued by Genesco 99.1 Inc. Cover Page Interactive Data File (embedded within the Inline 104 XBRL document)
*Schedules and other similar attachments have been omitted pursuant to Item
601(b)(2) of Regulation S-K. The registrant hereby undertakes to furnish
supplementally copies of any of the omitted schedules and other similar
attachments upon request by the
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