Why Foot Locker Is Outpacing Dick's Sporting Goods Today
Dick's Sporting Goods (NYSE: DKS) has agreed to acquire Foot Locker (NYSE: FL) for $2.5 billion, which is a substantial premium to the target's current trading price.Foot Locker shares are jumping as a result, up 83% as of 10:15 a.m. ET, while Dick's is down about 15%.Image source: Getty Images.Continue reading
Dick's Sporting Goods (NYSE: DKS) has agreed to acquire Foot Locker (NYSE: FL) for $2.5 billion, which is a substantial premium to the target's current trading price.
Foot Locker shares are jumping as a result, up 83% as of 10:15 a.m. ET, while Dick's is down about 15%.
Image source: Getty Images.
