💨 Abstract

Dick's Sporting Goods is acquiring Foot Locker for approximately $2.4 billion, the second such deal this year amid uncertainties from U.S. President Trump's tariffs. Dick's plans to operate Foot Locker as a separate unit, retaining all its brands. Prevoius month, Skechers announced a $9 billion private buyout. Foot Locker shareholders have the option of $24 in cash or 0.1168 shares of Dick's stock per share.

Courtesy: wtop.com