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Dick's Sporting Goods to buy Foot Locker in $2.4 billion deal
Foot Locker shareholders can choose to get either $24 in cash or 0.1168 shares of Dick's Sporting Goods common stock for every share of Foot Locker common stock. Dick's will continue to operate Foot Locker as a standalone business and also maintain Foot Locker brands.
Analysts see Nike as a key beneficiary of Dick's Sporting Goods buying Foot Locker in a deal valued at around $2.4 billion.
Dick's Sporting Goods is buying Foot Locker for $2.4 billion in a deal that will allow the two brands to expand the growing sneaker culture shoppers are chasing.
Those include the price of the deal, Foot Locker’s struggles amid Dick’s market-share gains, competition, potential ...
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