Foot Locker, Inc. (FL): $23.85
Market Cap: $2.26 B
Deal Value: $2.5 B
DICK’S Sporting Goods (DKS) entered a merger agreement on May 15, 2025, to acquire Foot Locker in a deal valued at $2.5 billion, marking the second major footwear deal this month after the buyout of Skechers (SKX).
Under the terms of the agreement, Foot Locker shareholders will elect to receive either $24 in cash or 0.1168 shares of DICKS’s common stock for each share of Foot Locker common stock. The election is not subject to any minimum or maximum amount of cash or stock consideration.