DICK'S Sporting Goods and Foot Locker announced the preliminary results of the elections made by Foot Locker shareholders regarding the merger consideration.
Foot Locker shareholders had the option to choose between $24.00 in cash or 0.1168 shares of DICK'S Sporting Goods stock per share of Foot Locker stock.
Approximately 92.6% of Foot Locker shareholders elected to receive the stock consideration, while 1.2% opted for the cash consideration, and 6.2% did not make a valid election.
Final certified results of the election are expected shortly before the merger closing scheduled for September 8, 2025.
Election Results
92.6% of Foot Locker shareholders chose stock consideration, 1.2% preferred cash, and 6.2% did not make a valid election.
Merger Closing
The merger between DICK'S Sporting Goods and Foot Locker is set to close on September 8, 2025.
- The high percentage of shareholders opting for stock consideration indicates confidence in the merger and the future prospects of the combined entity.
- The expected closing of the merger on September 8, 2025, suggests a significant milestone for both DICK'S Sporting Goods and Foot Locker.
The results of the shareholder election highlight strong support for the merger between DICK'S Sporting Goods and Foot Locker, paving the way for a successful integration of the two companies.