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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.

NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

NEW YORK , May 15, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Foot Locker, Inc. (NYSE: FL) and its board of directors concerning the proposed acquisition of the company by DICK'S Sporting Goods, Inc. (NYSE: DKS). Stockholders will receive either $24.00 or 0.1168 shares of DICK'S Sporting Goods common stock for each share of Foot Locker stock that they hold.

On Thursday morning, Pittsburgh-based Dick's Sporting Goods announced its plans to acquire footwear and apparel retailer Foot Locker. The two companies have entered into a merger agreement, where Dick's Sporting Goods will buy Foot Locker for $2.4 billion.

Foot Locker +11.025 (+85.63%) Dick's Sporting -30.55 (-14.58%) 21 May 28 May 28 May 29 May

Dick's Sporting -30.5 (-14.55%) Foot Locker +11.01 (+85.51%) 21 May 28 May 28 May 29 May

NEW YORK , May 15, 2025 /PRNewswire/ -- Monteverde & Associates PC  (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Foot Locker, Inc. (NYSE: FL ), relating to the proposed merger with DICK'S Sporting Goods, Inc. Under the terms of the agreement, Foot Locker shareholders will elect to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker common stock.

Michael Baker, D.A. Davidson senior research analyst, joins 'The Exchange' to discuss Baker's thoughts on Dick's Sporting Goods deal with Foot Locker, the company's power over suppliers, and much more.

Dick's Sporting Goods (NYSE:DKS) is making a bid to acquire rival Foot Locker, Inc. (NYSE:FL) for roughly $2.3 billion in a move that would reshape the US athletic retail landscape and give Dick's a broader reach into lower-income and international markets. The potential acquisition, first reported by The Wall Street Journal, would value Foot Locker at $24 per share—a roughly 87% premium to the company's closing price on Wednesday.

It's the first full trading hour of Thursday, May 15, and the stock action is not letting up! Madison Mills and guest host, Innovator ETFs chief investment strategist Tim Urbanowicz, cover several of the top industry and market stories while tracking this morning's top trending stocks.