As of August 25, 2025, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, and all required regulatory approvals to complete the merger between Dick's Sporting Goods, Inc. and Foot Locker, Inc. have been received. The merger is expected to close on September 8, 2025, subject to the satisfaction of remaining customary closing conditions.
The deadline for Foot Locker shareholders of record to elect the form of consideration they wish to receive in connection with the merger is 5:00 p.m., Eastern Time on August 29, 2025. Participants in the Foot Locker 401(k) plan and Foot Locker Puerto Rico Savings Plan have an earlier election deadline for shares of Foot Locker common stock allocated to them under the plans, set for 5:00 p.m., Eastern Time on August 27, 2025.
Each Foot Locker shareholder may elect to receive, for each share of Foot Locker common stock held prior to the closing of the merger, either $24.00 in cash or 0.1168 shares of Dick's Sporting Goods common stock. Shareholders who fail to make a proper election by the deadline will receive cash consideration for their shares of Foot Locker common stock. Shareholders who would have received a fractional share of Dick's Sporting Goods common stock upon an election for stock consideration will receive cash in lieu of such fractional share.
As of August 29, 2025, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, and all required regulatory approvals to complete the merger between Dick's Sporting Goods, Inc. and Foot Locker, Inc. have been received. The merger is expected to close on September 8, 2025, subject to the satisfaction of remaining customary closing conditions. Today the company's shares have moved 0.04% to a price of $26.43. For the full picture, make sure to review FOOT LOCKER, INC.'s 8-K report.
