Foot Locker, Inc. (NYSE:FL) shares rocketed premarket on Thursday after the company disclosed a definitive deal to be acquired by Dick’s Sporting Goods Inc (NYSE:DKS), which values Foot Locker’s equity at around $2.4 billion and its enterprise at about $2.5 billion. DICK’S plans to fund the acquisition using a combination of its existing cash reserves and newly incurred debt. As per the deal, Foot Locker shareholders will have the option to receive either $24.00 in cash or 0.1168 shares of DICK’
The vibrant social commerce market in Singapore is experiencing significant expansion driven by high social media penetration, with platforms like Facebook and Instagram enhancing user engagement through innovative live shopping and streaming technologies. The market is projected to grow substantially, reaching around USD 3.17 billion in 2025, while maintaining a healthy compound annual growth rate well into the next decade. Despite potential challenges stemming from new regulatory measures...
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