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No. 2 - M&A At The Mall

You might call it a case of the guppy swallowing the whale. Genesco (GCO), owner of Journey's and Lids stores, announced Monday that it would be bought out by Finish Line (FINL), a company half its size. Finish Line's $1.5 billion bid tops retailing giant, Foot Locker's (FL), $1.2 billion offer. What's the play on this M&A at the mall?

Karen Finerman says Finish Line bet the ranch on this deal and it’s a bit risky because they’re taking on a ton of debt. She recommends shorting Finish Line and Genesco and getting long Foot Locker.

Jeff Macke and Guy Adami both agree.



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Trader disclosure: On June 21 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Finerman Owns (GS); Finerman's Firm Owns (FL); (MO),S&P Puts; Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns UniCredito Italiano; Seymour Owns (COP), (EEM), (BX), (AAPL), (TIE), (BP), (RTI), Gazprom; Gazprom Is On Pink Sheets In The U.S. And Trades On The Exchange In London; UniCredito Italiano Is On Pink Sheets In The U.S. And Trades On The Exchagne In London; Red Star Asset Management Owns Gazprom; Red Star Asset Management Is Short (EEM); Red Star Asset Management Is Short (XOM):GE Is The Parent Company Of CNBC