---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-120951"
form_type: "8-K"
ticker: "DKS"
cik: "0001089063"
company_name: "DICK'S SPORTING GOODS, INC."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T04:28:47.896193+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-120951
- form_type: 8-K
- ticker: DKS
- cik: 0001089063
- company_name: DICK'S SPORTING GOODS, INC.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089063/000119312525120951/0001193125-25-120951-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089063/000119312525120951/d898387d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-120951
- JSON: https://secwatch.observer/filing/0001193125-25-120951.json
- Plain text: https://secwatch.observer/filing/0001193125-25-120951.txt

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