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DICK'S Sporting Goods and Foot Locker Announce Preliminary Results of Election for Merger Consideration
DICK'S Sporting Goods, Inc. ("DICK'S Sporting Goods") (NYSE: DKS) and Foot Locker, Inc. ("Foot Locker") (NYSE: FL) today announced the preliminary results of the elections made by Foot Locker shareholders of record regarding the form of consideration they wish to receive in exchange for their shares of Foot Locker common stock in connection with the previously announced acquisition of Foot Locker by DICK'S Sporting Goods (the "Merger"). As previously disclosed, the deadline to have made such an
About this update from Dick's Sporting Goods Inc
[{"type":"text","content":"PITTSBURGH and NEW YORK, Sept. 2, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S Sporting Goods") (NYSE: DKS) and Foot Locker, Inc. ("Foot Locker") (NYSE: FL) today announced the preliminary results of the elections made by Foot Locker shareholders of record regarding the form of consideration they wish to receive in exchange for their shares of Foot Locker common stock in connection with the previously announced acquisition of Foot Locker by DICK'S Sporting Goods (the "Merger"). As previously disclosed, the deadline to have made such an election was 5:00 p.m., Eastern Time on August 29, 2025 (the "Election Deadline").","length":689,"tagName":"p"},{"type":"image","alt":"DICK'S Sporting Goods Logo. (PRNewsfoto/DICK'S Sporting Goods, Inc.)","displaySize":"","headline":null,"caption":"DICK'S Sporting Goods Logo. (PRNewsfoto/DICK'S Sporting Goods, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":164,"url":"https://media.zenfs.com/en/prnewswire.com/c88b9dd57279f4257b995cded011e3ab"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Bxg83lVZwMBfge7Wq3BDnw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c88b9dd57279f4257b995cded011e3ab","width":400,"height":164}},"href":"https://mma.prnewswire.com/media/479785/DICKS_Sporting_Goods_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As further described in the election materials and in the parties' proxy statement/prospectus dated July 11, 2025, each Foot Locker shareholder was entitled to elect to receive, for each share of Foot Locker common stock held prior to the closing of the Merger, either (i) $24.00 in cash (the "cash consideration") or (ii) 0.1168 shares of DICK'S Sporting Goods common stock (the "stock consideration"). Foot Locker shareholders who failed to make a proper election by the Election Deadline will receive cash consideration for their shares of Foot Locker common stock. Foot Locker shareholders who otherwise would have received a fractional share of DICK'S Sporting Goods common stock upon an election for stock consideration will receive cash in lieu of such fractional share. The election was not subject to a minimum or maximum amount of cash c...