Foot Locker Stock Skyrockets on Report of Buyout by Dick’s Sporting Goods - Barron's
1. Foot Locker stock surged amid acquisition rumors by Dick's Sporting Goods. 2. Dick's proposes a $2.3 billion deal, valuing FL at $24 per share. 3. The acquisition could consolidate market share and enhance Dick's growth strategy. 4. Tariffs on Asian imports have negatively impacted Foot Locker's stock value. 5. Combined entities may achieve cost synergies and improved vendor negotiations.