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Wajeeh Khan

Is It Too Late to Buy Foot Locker Stock on $2.4B Dick’s Deal?

Foot Locker Dick FL DKS John Kernan Dick Sporting Goods

Foot Locker (FL) shares opened a staggering 85% up today after Dick’s Sport Goods Inc (DKS) confirmed plans of acquiring the troubled footwear retailer for $2.4 billion.

Dick’s buyout proposal that values FL shares at $24 is “the best path for our shareholders,” said Mary Dillon, the chief executive of Foot Locker in a press release on Thursday.

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One subscription that gives you access to news from hundreds of sites

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