Dick's Sporting Goods Inc

DKS: XNYS (USA)
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Dick's Sporting Goods: Foot Locker Acquisition Brings Opportunities and Concerns; Shares Overvalued

Dick's Sporting Goods will buy rival athletic apparel and footwear retailer Foot Locker for $2.4 billion in equity value, paid in cash or stock. Separately, Dick's revealed solid preliminary first-quarter results of 4.5% comparable sales growth and $3.37 in adjusted earnings per share.

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