---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-034244"
form_type: "8-K"
ticker: "DKS"
cik: "0001089063"
company_name: "DICK'S SPORTING GOODS, INC."
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:29:01.030422+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DICK'S Sporting Goods completes Foot Locker acquisition; expects $100-125M synergies

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-034244
- form_type: 8-K
- ticker: DKS
- cik: 0001089063
- company_name: DICK'S SPORTING GOODS, INC.
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089063/000114036125034244/0001140361-25-034244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089063/000114036125034244/ef20055283_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-034244
- JSON: https://secwatch.observer/filing/0001140361-25-034244.json
- Plain text: https://secwatch.observer/filing/0001140361-25-034244.txt

## Source-grounded claims
- claim_id: 3d7b006769c35ce0e0da390528313e5449bf5b1f
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089063/000114036125034244/0001140361-25-034244-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.