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DICK'S Sporting Goods Has Agreed To Acquire Foot Locker. This Transaction Implies An Equity Value Of Approximately $2.4B And An Enterprise Value Of Approximately $2.5B

Benzinga·05/15/2025 10:04:09
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  • 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)