Foot Locker surges 82% on $2.4 billion acquisition deal 📈Dick's Sporting Goods loses 15%

Dick’s Sporting Goods confirmed today that the company is acquiring Foot Locker Inc. for $2.4 billion, valuing the company at $24 a share. In reaction to that report, shares rise 82%. On the other hand, shares of Dick's slump almost 15% as investors see the acquisition as risky for the company.

Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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