Foot Locker Stock Leaps on Report of Possible Takeover
1. Foot Locker's shares surged over 60% on takeover news. 2. Dick's Sporting Goods may acquire Foot Locker for $2.3 billion. 3. Proposed acquisition values FL at $24 per share, an 86% premium. 4. FL stock has dropped 40% in value this year. 5. Foot Locker's financial results are due on May 29.