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Industry Analysis

DKS is acquiring Foot Locker in a deal worth about $2.4bn in equity and $2.5bn including debt. Foot Locker shareholders can choose to receive either $24 in cash or 0.1168 shares of DICK’S stock for each share they own, with no limits on how much cash or stock they can select.

Emerging Trends

Ed Stack, Executive Chairman of DICK’S, said the company respects Foot Locker’s strong brand and community presence. He believes there is real potential for growth and that DICK’S can help by bringing its operational experience to the business.

CrispIdea Outlook

First, the deal creates a global platform in the growing sports retail industry. It allows DKS to reach more customers around the world, not just in the U.S., by using Foot Locker’s international presence. This expands DKS’ market and supports long-term growth.

Table of Contents

Executive Summary
• Deal Overview
• Business Rationale
• Company Overview – Foot Locker, Inc
• Company Overview – DICK’s Sporting Goods, Inc.

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