Overview

• Dick's Sporting Goods will purchase Foot Locker for $2.4 billion, offering shareholders $24 per share in cash or 0.1168 shares of Dick's stock.
• The acquisition will give Dick’s its first international presence, adding 2,400 Foot Locker stores across 20 countries to its portfolio.
• Foot Locker will continue to operate as a standalone business, retaining its brands such as Champs Sports and Kids Foot Locker.
• Dick’s aims to leverage operational efficiencies and enhance supplier relationships, particularly with Nike, through the combined entity.
• The transaction, financed with cash and new debt, is expected to close in the second half of 2025, pending regulatory and shareholder approvals.