Foot Locker Stock Skyrockets on Report of Buyout by Dick's Sporting Goods -- Barrons.com

Dow Jones

May 15, 2025

By Sabrina Escobar

Foot Locker stock surged in late trading Wednesday following a report that said the company was nearing a deal to be acquired by Dick's Sporting Goods for $2.3 billion.

Dick's is considering paying $24 per share for Foot Locker, The Wall Street Journal reported Wednesday, citing people familiar with the matter. That price represents a nearly 90% premium to Foot Locker's Wednesday closing price of $12.87.

Shares of Foot Locker were up 64% to $21.09 in after-hour trading. Dick's stock was down 3%.

Representatives for Foot Locker and Dick's did not immediately respond to Barron's request for comment.

The deal could be finalized as soon as Thursday, barring any last minute delays, according to the Journal.

Write to Sabrina Escobar at sabrina.escobar@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 14, 2025 17:37 ET (21:37 GMT)

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