Dick's sporting goods to acquire foot locker to create a global leader in the sports retail industry

Combination creates global platform within the growing sports retail industry, positioned to serve evolving needs of a broader range of consumers poised to drive long-term success through innovative store concepts and digital experiences 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 transaction expected to be accretive to dick's sporting goods eps in the first full fiscal year post-close (excludes one-time costs) 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.
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