DICK'S SPORTING GOODS, INC. (DKS): M&A transaction — DICK'S Sporting Goods completes Foot Locker acquisition; expects $100-125M synergies

DICK'S SPORTING GOODS, INC.

Merger consideration: $24 cash or 0.1168 DKS shares per Foot Locker share; 85.8% elected stock consideration.
DICK'S now operates over 3,200 stores in 20 countries, combining Foot Locker brands including Foot Locker, Champs Sports, WSS, and atmos.
Transaction expected to deliver $100-125M in cost synergies in medium term and be accretive to EPS in FY2026 (excl. one-time costs).
Ed Stack to lead global Foot Locker; Ann Freeman (ex-Nike) appointed President of Foot Locker North America.
Total consideration: ~9.58M DKS shares and $223M cash funded from balance sheet.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

DICK'S SPORTING GOODS, INC. completed an acquisition involving Foot Locker, Inc. for $24.00 per share in cash or 0.1168 shares of DICK’S Sporting Goods common stock per share of Foot Locker common stock (closed 2025-09-08).

Action: acquisition
Counterparty: Foot Locker, Inc.
Consideration: $24.00 per share in cash or 0.1168 shares of DICK’S Sporting Goods common stock per share of Foot Locker common stock
Closing: 2025-09-08

Exact text from the filing

or indirect subsidiaries of Foot Locker or DICK’S Sporting Goods) was converted into the right to receive, without interest and at the election of the holder of such share: (a) $24.00, if an election to receive cash consideration was properly made and not properly changed, revoked or deemed revoked (or if no election was validly made) (the “Cash

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Source: SEC EDGAR

accession 0001140361-25-034244

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