Dick’s and Foot Locker Create 21 Billion Dollar Retail Giant

Shareholders Overwhelmingly Back the Deal On Friday, Foot Locker shareholders voted in strong favor of the merger. According to the company, 99% of shareholders approved the deal, marking a critical milestone in the transaction.

“We are now one step closer to joining forces with Dick’s and even better positioning the business to expand sneaker culture, elevate the omnichannel experience for our customers and brand partners, and enhance our position in the industry,” said Foot Locker CEO Mary Dillon in a statement Friday.

The approval ensures Foot Locker will join forces with one of the largest sporting goods retailers in the country, creating an even larger player in the competitive athletic retail landscape.

Regulatory Clearance Removes Final Hurdle On Tuesday, Dick’s Sporting Goods confirmed that regulatory approvals have been secured, further clearing the way for the merger…