On Sept. 2, 2025, Dick’s Sporting Goods and Foot Locker jointly announced the preliminary results of shareholder elections regarding compensation options ahead of their planned merger. According to both companies, approximately 92.6 percent of Foot Locker shareholders elected to receive Dick’s Sporting Goods shares in exchange for their holdings. Only 1.2 percent chose the cash option of $24 per share, while 6.2 percent did not submit a valid election in time. Shareholders who failed to make a selection by the August 29 deadline will receive the cash consideration. Those choosing shares will receive 0.1168 shares of Dick’s Sporting Goods common stock per Foot Locker share. Any fractional share will be paid in cash.
The high percentage of stock elections suggests that investors view Dick’s equity as an attractive long-term asset.
The merger is scheduled to close on Sept. 8, 2025, pending final certification of results and standard closing conditions. Shares of Foot Locker already owned by Dick’s will be canceled with no consideration at closing.
Dick’s Sporting Goods operates over 850 stores and multiple retail formats in the US, while Foot Locker runs about 2,400 locations globally. The transaction will combine two leading sporting goods and footwear retailers with complementary brand portfolios.
