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Morning Brief anchors Madison Mills and Brad Smith break down the latest financial news for May 15, 2025. Tariff uncertainty continues to persist, we speak with experts about what it means for inflation, plus strategies to protect your portfolio including why investors should not buy the dip right now.
It's the second major footwear deal this month after the $9.4 billion buyout of Skechers.
Sneaker retailer Foot Locker Inc (NYSE:FL) is surging this morning, up 8.2% at $23.49 at last check, after news broke that peer Dick's Sporting Goods (DKS) will be buying the chain.
Foot Locker (FL) shares are soaring after the footwear retailer agreed to be purchased by Dick's Sporting Goods (DKS) in a multibillion-dollar deal.
Despite an earnings beat, shares of Walmart (WMT) have pulled back from after-hours highs. Alex Coffey looks at the company's unaltered guidance and plans to raise prices as it weighs the impact of tariff costs.
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Foot Locker (NYSE: FL) for possible breaches of fiduciary duty and other violations of law in its transaction with DICK'S Sporting Goods. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of Foot Locker will receive either (i) $24.00 in cash or (ii) 0.1168 shares of D.
Dick's Sporting Goods plans to acquire Foot Locker for $2.4 billion. Foot Locker has been undertaking an ambitious turnaround, but its weak stock price has made it a takeover target.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Foot Locker, Inc. (NYSE: FL) to DICK'S Sporting Goods, Inc. is fair to Foot Locker shareholders. Under the terms of the proposed transaction, Foot Locker shareholders can elect to receive either (i) $24.00 in cash or (ii) 0.1168 shares of DICK'S common stock for each share of Foot Locker common stock. Halper Sadeh encourages Foot Locker shareholders to click here to learn more about th.
JD Sports Fashion PLC (LSE:JD.) shares rose 3.3% on Thursday as investors warmed to the idea that a potential tie-up between Dick's Sporting Goods and Foot Locker might end up helping, not hindering, its US operation.
CNBC's Courtney Reagan reports on the latest news.