Business
DICK'S Sporting Goods to Acquire Foot Locker to Create a Global Leader in the Sports Retail Industry
DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, and Foot Locker, Inc. ("Foot Locker") (NYSE: FL), a leading footwear and apparel retailer, today announced that they have entered into a definitive merger agreement under which DICK'S will acquire Foot Locker. This transaction implies an equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion.
About this update from Dick's Sporting Goods Inc
[{"type":"text","content":"Combination creates global platform within the growing sports retail industry, positioned to serve evolving needs of a broader range of consumers","length":145,"tagName":"p","attribs":{}},{"type":"text","content":"Poised to drive long-term success through innovative store concepts and digital experiences","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"Foot Locker shareholders can elect to receive either $24.00 in cash or 0.1168 shares of DICK'S Sporting Goods common stock for each share of Foot Locker common stock","length":174,"tagName":"p","attribs":{}},{"type":"text","content":"Transaction expected to be accretive to DICK'S Sporting Goods EPS in the first full fiscal year post-close (excludes one-time costs)","length":141,"tagName":"p","attribs":{}},{"type":"text","content":"PITTSBURGH and NEW YORK, May 15, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, and Foot Locker, Inc. ("Foot Locker") (NYSE: FL), a leading footwear and apparel retailer, today announced that they have entered into a definitive merger agreement under which DICK'S will acquire Foot Locker. This transaction implies an equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion.","length":547,"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":"Foot Locker has a strong history of sneaker expertise that sparks discovery and ignites the power of sneaker culture through its portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, W...