Dick’s Sporting Goods to Acquire Foot Locker in Major Retail Merger

Key Highlights

• Dick’s Sporting Goods is set to acquire Foot Locker in a strategic deal valued at approximately $2.4 billion.
• This acquisition will expand Dick’s Sporting Goods’ presence in international markets and strengthen its footprint across the U.S.
• Foot Locker shareholders have the option to receive either $24 per share in cash or exchange their shares for Dick’s Sporting Goods stock.

Shares of Foot Locker surged dramatically following the announcement of its acquisition by Dick’s Sporting Goods. This bold move marks one of the most significant consolidations in the sporting goods retail industry in recent years.

While Foot Locker’s stock experienced a remarkable rise, Dick’s Sporting Goods saw a slight decline amid market reactions. The deal, expected to finalize in the latter half of 2025, values Foot Locker’s equity at around $2.4 billion, with an enterprise value close to $2.5 billion.

The acquisition will enable Dick’s Sporting Goods to tap into new international markets for the first time and leverage Foot Locker’s complementary retail locations across the United States. Foot Locker operates approximately 2,400 stores spanning North America, Europe, Asia, Australia, and New Zealand, alongside licensed outlets in Europe, the Middle East, and Asia.

This strategic partnership promises to enhance the shopping experience for consumers globally, combining the strengths of two leading retailers to offer a broader selection of sporting goods and footwear.

The announcement confirms earlier reports and surpasses Wall Street’s average price expectations, highlighting investor confidence in the merger’s potential.

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