Foot Locker’s beaten-down stock jumps nearly 70% on report of Dick’s acquisition

May 15, 2025

Last Updated: May 14, 2025 at 8:40 p.m. ET
First Published: May 14, 2025 at 6:28 p.m. ET

Shares of Foot Locker Inc. rocketed 69.3% higher after hours on Wednesday after the Wall Street Journal

reported that Dick’s Sporting Goods Inc. was close to a deal to buy the struggling sneaker chain.

The two sneaker and athletic-gear retailers have reportedly been talking over a deal under which Foot Locker FL would be sold at $24 a share. That deal could be announced as soon as Thursday, the Journal said.

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