Foot Locker Shares Erupt On Possible $2.4 Billion Dick's Sporting Deal [zero hedge]
Dick's Sporting Goods Inc (DKS)
Last dick's sporting goods inc earnings: 3/10 07:30 am
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Source: zero hedge
Foot Locker Shares Erupt On Possible $2.4 Billion Dick's Sporting Deal Foot Locker shares erupted in premarket trading Thursday after The Wall Street Journal reported that Dick's Sporting Goods has agreed to acquire the struggling sneaker retailer for $2.4 billion, offering $24 per share in cash or stock—a nearly 90% premium to Foot Locker's pre-announcement price. Shareholders will have the option to receive either cash or 0.1168 shares of Dick's common stock for each Foot Locker share they own. Dick's is the nation's largest sports retailing chain and operates Golf Galaxy stores across the US. The acquisition of the sneaker chain would allow Dick's to expand globally in 26 countries. Number of Foot Locker stores worldwide as of financial year 2023, by store type (via Statista ) WSJ noted, "Dick's said it expects to operate Foot Locker as a stand-alone business unit within its portfolio and maintain the Foot Locker brands." The move also parallels broader retail consolidation, follow
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DKS
News
- Product recalls surge in 2025: Here are the top 10 products consumers were warned about [FOX Business Network]FOX Business Network
- DICK'S Sporting Goods (NYSE:DKS) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Why Academy Sports (ASO) Shares Are Trading Lower Today [Yahoo! Finance]Yahoo! Finance
- 5 big changes Nike CEO Elliott Hill is making to turn around the struggling sportswear giant [Business Insider]Business Insider
- Nike Shares Drop 10% as Margins Shrink, China Sales Slide [Yahoo! Finance]Yahoo! Finance
DKS
Earnings
- 11/25/25 - Miss
DKS
Sec Filings
- 12/16/25 - Form 4
- 12/11/25 - Form 4
- 12/11/25 - Form 3
- DKS's page on the SEC website