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Billion-Dollar Buyout Sends Foot Locker Stock Surging
Schaeffers Investment Research·2025-05-15 22:27

Sneaker retailer Foot Locker Inc (NYSE:FL) is surging this morning, up 82% at 23.49atlastcheck,afternewsbrokethatpeerDicksSportingGoods(DKS)willbebuyingthechain.Theunanimous23.49 at last check, after news broke that peer Dick's Sporting Goods (DKS) will be buying the chain. The unanimous 2.4 billion -- or 24persharedealimpliesan8624 per share deal -- implies an 86% upside to Foot Locker stock's current trading price. On the heels of the news, DKS is down 14% at 179.62.Foot Locker has been trading at nearly 15-year lows in recent weeks, still sporting a nine-month, 28% deficit, even after today's impressive lift. The 20-d ...