Foot Locker Inc. has announced the completion of its merger with DICK'S Sporting Goods. According to the merger agreement, each share of Foot Locker common stock, previously issued and outstanding, was converted into the right to receive either $24.00 in cash or 0.1168 shares of DICK'S Sporting Goods common stock. The election deadline was 5:00 p.m. Eastern Time on August 29, 2025. The final results indicated that approximately 85.8% of Foot Locker shareholders opted for the stock consideration, while about 1.2% chose the cash consideration. This marks a significant step in the strategic alignment of the two companies.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Foot Locker Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-088056), on September 08, 2025, and is solely responsible for the information contained therein.