Foot Locker to Join Dick’s Portfolio – Merger Arbitrage Mondays
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 r…
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