Dick's Sporting Goods to Acquire Foot Locker and Expand Internationally

Dick’s Sporting Goods plans to acquire Foot Locker and position the combined organization to serve sports retail consumers around the world.The two companies announced the deal in a Thursday (May 15) press release, saying the transaction implies an equity value of $2.4 billion and an enterprise value of $2.5 billion.The transaction is expected to close in the second half, subject to Foot Locker shareholder approval, regulatory approvals and other customary closing conditions, according to the release. It wa ...