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.
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