DICK'S Sporting Goods Launches Exchange Offer for Foot Locker Notes Amid Pending Acquisition

Reuters
06-07
DICK'S Sporting Goods Launches Exchange Offer for Foot Locker Notes Amid Pending Acquisition

DICK'S Sporting Goods, Inc. has announced the commencement of an Exchange Offer and Consent Solicitation related to its anticipated acquisition of Foot Locker, Inc. This initiative involves the exchange of outstanding Foot Locker Senior Notes due 2029 for new notes issued by DICK'S, along with a Consent Payment. The Exchange Offer, contingent upon the successful closing of the acquisition, will expire on August 1, 2025. The acquisition involves a merger of a DICK'S subsidiary with Foot Locker, resulting in Foot Locker becoming a wholly owned subsidiary of DICK'S.

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. Dick's Sporting Goods Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NE05000) on June 06, 2025, and is solely responsible for the information contained therein.

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