DICK'S Sporting Goods entered into an Agreement and Plan of Merger with Foot Locker, Inc.
The pro forma financial information gives insight into the combined financials after the Merger.
Shareholders had the option to receive $24.00 per share in cash or Company Common Stock shares.
Merger Agreement Details
Foot Locker shareholders could choose between cash or stock consideration.
Stock Unit Conversions
Foot-based restricted stock units and options were converted according to the Merger terms.
Commitment Letter
DICK'S Sporting Goods secured a senior unsecured bridge term loan credit facility for the transaction.
- The Merger will result in a combined entity with expanded market presence and potential synergies.
- Shareholders have the opportunity to benefit from the strategic combination of the two retail giants.
The acquisition of Foot Locker by DICK'S Sporting Goods marks a significant move in the retail industry. The pro forma analysis shows promising future prospects for the merged entity.