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DICK’S Sporting Goods Receives Antitrust Clearance for Foot Locker Acquisition

By  |  August 26, 2025
Dick's Sporting Goods, C2FO, invoice, diverse-owned

DICK’S Sporting Goods, Inc. has cleared a major hurdle in its planned acquisition of Foot Locker, Inc., with regulators granting approval under U.S. antitrust law. According to PR News Wire, the waiting period mandated by the Hart-Scott-Rodino Antitrust Improvements Act expired late on August 25, 2025, allowing the deal to proceed without further antitrust objections.

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    With regulatory approvals now complete, both companies confirmed that the transaction is on track. Per Bloomberg, Foot Locker shareholders had already voted in favor of the merger during a special meeting held on August 22, 2025. The deal is expected to officially close on September 8, 2025, pending the fulfillment of standard closing conditions.

    As part of the merger process, Foot Locker shareholders have until 5:00 p.m. Eastern Time on August 29, 2025, to choose how they want to be compensated. They may opt to receive either $24.00 in cash per share or 0.1168 shares of DICK’S Sporting Goods stock. Shareholders who do not submit an election by the deadline will automatically receive the cash payout. Participants in certain Foot Locker retirement plans face an earlier cutoff of August 27, 2025.

    Related: Warren Presses Antitrust Agencies to Weigh Blocking Dick’s–Foot Locker Deal

    According to PR News Wire, Equiniti Trust Company, LLC is managing the shareholder elections, with additional support provided by information agent D.F. King & Co., Inc. Investors seeking more details about the election process have been directed to proxy materials distributed beginning July 23, 2025.

    The merger between the two retail giants is set to reshape the sporting goods and athletic apparel market, with DICK’S Sporting Goods further expanding its presence in footwear and urban retail locations through the addition of Foot Locker’s network.

    Source: PR News Wire