#USA #Pittsburgh #DICK'S Sporting Goods #Foot Locker #merger consideration

DICK'S Sporting Goods and Foot Locker Merger Election Results

In a significant move for the retail sector, DICK'S Sporting Goods, Inc. (NYSE: DKS) and Foot Locker, Inc. (NYSE: FL) have released preliminary results regarding their shareholders' preferences for the ongoing merger process. The election was a critical step in facilitating the acquisition of Foot Locker by DICK'S Sporting Goods.

On September 2, 2025, DICK'S Sporting Goods and Foot Locker announced the results related to Foot Locker shareholders' decisions on the compensation they prefer for their holdings in the stock. As per the guidelines provided, shareholders had the option to choose between two forms of consideration in exchange for their Foot Locker common shares. They could either opt for $24.00 in cash—referred to as the cash consideration—or they could select to receive 0.1168 shares of DICK'S Sporting Goods common stock, categorized as stock consideration. The deadline for these elections was set for August 29, 2025, by 5 PM Eastern Time, and this decision was crucial for the merger's progression.

Preliminary Results Overview

According to the available information by the Election Deadline, approximately 92.6% of the outstanding shares of Foot Locker common stock elected stock consideration. This percentage notably includes about 31.6% of shares that participated through guaranteed delivery methods. In contrast, only about 1.2% of shareholders favored the cash option, with less than 0.1% following guaranteed delivery protocols. Meanwhile, around 6.2% of the shareholders failed to submit valid election forms by the set deadline, including roughly 4.5% of the shares owned directly by DICK'S Sporting Goods.

For those Foot Locker shareholders who did not make a valid election, they will automatically receive cash for their shares, except for the DICK'S Sporting Goods-held shares, which will be canceled upon the merger's closing.

The results shared by the companies are labeled as preliminary, with the final, certified results expected to be reported shortly before the merger closure, slated for September 8, 2025. This merger promises significant strategic advantages and operational synergies between the two companies in the competitive sporting goods retail landscape.

Company Profiles

DICK'S Sporting Goods has positioned itself as a leading omnichannel retailer dedicated to inspiring athletes and outdoor enthusiasts across more than 850 stores nationwide and various online platforms. The company is committed to nurturing youth sports and has contributed millions to support underprivileged athletes and teams, thereby showcasing its dedication to changing lives through sports.

Foot Locker, a premier retailer for footwear and apparel, operates approximately 2,400 stores globally. It represents a strong authority in sneaker culture and reflects a deep-seated tradition of promoting sneaker enthusiasm through its vast portfolio, which includes Foot Locker, Kids Foot Locker, Champs Sports, and more. This merger is poised to enhance the brand equity and market share of both entities significantly.

The anticipated merger between DICK'S Sporting Goods and Foot Locker, marked by this election, underscores their concerted effort to create a broader, more responsive retail framework, adapting quickly to consumer demands and trends shaping the sporting goods industry.

By integrating resources and strengths, this merger aims to not only elevate both brands but also to provide enhanced services and product offerings, ultimately reinforcing their competitive stance in an ever-evolving marketplace.

As we approach the merger's conclusion, stakeholders are keenly observing how this strategic alliance will unfold, potentially setting new benchmarks for the sporting goods retail sector.