DICK'S Sporting Goods to acquire Foot Locker for $24.00 per share or 0.1168 DKS shares

DICK'S SPORTING GOODS, INC.

Per Foot Locker share: $24.00 cash or 0.1168 DKS shares; election period of at least 20 business days.
Goldman Sachs provides up to $2.4B senior bridge term loans to finance cash consideration and refinance FL debt.
Foot Locker board must recommend adoption; termination fee $59.5M if FL changes recommendation, $95.5M if DKS fails antitrust.
Closing conditioned on FL shareholder approval (two-thirds), HSR clearance, and other customary conditions by May 15, 2026.
The merger combines two major U.S. athletic retailers; DKS to operate FL as a wholly owned subsidiary.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.