Dick's Sporting Goods To Buy Foot Locker for $2.4 Billion USD

SummaryDick's Sporting Goods is set to acquire Foot Locker.The deal is valued at $2.4 billion USD.Dick's Sporting Goods has agreed to purchase Foot Locker Inc. in a deal worth roughly $2.4 billion USD, as the company aims to expand its international presence and attract new customers, according to The Wall Street Journal.Under the agreement, Dick's will utilize both cash-on-hand and new debt to acquire Foot Locker, and shareholders can either take $24 USD in cash (a 66% premium based on Foot Loc...