Foot Locker Acquisition Finalized as DICK’S Sporting Goods Completes $2.4 Billion Takeover

The iconic athletic retailer Foot Locker has ceased to exist as a publicly traded company following its acquisition by DICK’S Sporting Goods. The final trading session for Foot Locker shares concluded with a price of $24.01, marginally above the $24 per share acquisition price offered by DICK’S.

A sweeping change in executive leadership accompanies the change in ownership. Foot Locker?s CEO, Mary Dillon, along with several other top executives, are departing the company. Global responsibility for the Foot Locker business now falls to DICK’S Executive Chairman, Ed Stack.

Ann Freeman, a veteran of Nike with over 26 years of industry experience, has been appointed as the new President of North American operations. An appointment to lead the international... Read more...