Dick’s Sporting Goods is close to acquiring Foot Locker
The Wall Street Journal has the info:
- deal valued at approximately US$2.3 billion
- two sides are in discussion over a cash offer of $24 per share for Foot Locker
- way above the most recent closing price of $12.87
- Since the announcement, Dick’s stock has fallen 7%
- Foot Locker shares have rocketed, to circa $21
One for the equity traders
