Dick's Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market
1. Dick's plans to acquire Foot Locker for $2.4 billion to expand market presence. 2. Foot Locker shareholders can choose cash or Dick's stock for acquisition. 3. The merger aims to enhance access to the Nike sneaker market. 4. Concerns arise over anti-competition, with mixed reactions from the market. 5. Dick's reports strong sales growth while Foot Locker faces significant losses.