Dick’s Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion

What’s Next For Foot Locker? Analyst Says Dick's Deal Is Timely - Foot Locker (NYSE:FL), Dick's Sporting Goods (NYSE:DKS)

Telsey Advisory Group analyst Cristina Fernández reiterated the Market Perform rating on Foot Locker, Inc. (NYSE:FL) on Friday, raising the price forecast from $20 to $24. Foot Locker shares rocketed premarket on Thursday after the company disclosed a definitive deal to be acquired by Dick’s Sporting Goods Inc (NYSE:DKS) which values Foot Locker’s equity at around $2.4 billion and its enterprise at about $2.5 billion. As per the deal, Foot Locke…

Dick's Sporting Goods to buy struggling shoe chain Foot Locker

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S. President Donald Trump’s tariffs.

Dick’s Acquires Foot Locker For $2.4 Billion, Building Share In Sports And Sneaker Markets

Dick’s, the retail leader in sporting goods, will acquire Foot Locker, the leading specialty footwear retailer, for $2.4 billion. Both depend heavily on sneaker sales.

Dick's Sporting Goods to acquire Foot Locker

Dick's Sporting Goods is going to acquire Foot Locker for $2.4 billion, further reshaping the sporting goods retail landscape.

National sporting goods giant buys rival in $2.4 billion deal

The sporting goods giant will use a combination of cash on hand and new debt to finance the deal.

Foot Locker Will Give Dick’s $2.4 Billion in Buyer's Remorse

The acquisition deal takes advantage of tariff turmoil, but could be a distraction for one the best retailers in sporting goods.