Dick's Sporting Goods (DKS.US) acquires Foot Locker (FL.US) for $2.4 billion. Nike (NKE.US) may also "benefit from this".

According to the Wise Finance APP, Dick's Sporting Goods (DKS.US) announced the acquisition of Foot Locker (FL.US) for 24 billion US dollars, merging the two retailers who have been affected by President Donald Trump's tariff war. It is reported that Dick's will acquire Foot Locker at a price of $24 per share, which is a premium of 86.5% over the closing price on the Wednesday before the announcement of the deal. Foot Locker shareholders can also choose to receive Dick's stock instead of cash. The two companies stated in a statement that the transaction involves a $24 billion equity value and a $25 billion enterprise value.