Foot Locker Shareholders Approve Transaction with DICK'S Sporting Goods

Provided By PR Newswire

Last update: Aug 22, 2025

Approximately 99% of votes cast were in favor of the merger agreement

NEW YORK, Aug. 22, 2025 /PRNewswire/ -- Foot Locker, Inc. ("Foot Locker") (NYSE: FL) today announced that its shareholders voted to approve its previously announced acquisition by DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS) at the Company's special meeting of shareholders held earlier today. Under the terms of the merger agreement announced on May 15, 2025, Foot Locker shareholders will elect to receive either (i) $24.00 in cash or (ii) 0.1168 shares of DICK'S common stock for each share of Foot Locker common stock owned. The election is not subject to a minimum or maximum amount of cash or stock consideration.