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DICK’S Sporting Goods in its $2.5 billion acquisition of Foot Locker

On May 15, 2025, DICK’S Sporting Goods, Inc. (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, and Foot Locker, Inc. (NYSE: FL), a leading footwear and apparel retailer, announced that they have entered into a definitive merger agreement under which DICK’S will acquire Foot Locker in a $2.5 billion transaction.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to DICK’S.

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