Dick’s Sporting Goods will pay $24 per share, or about $2.4 billion, to buy Big Foot, adding about $8 billion in annual revenue and 2,400 stores in a big step towards countering its acquisitive competitor JD Sports in the U.S., while also giving DKS an international presence for the first time. The price represents a multiple of about 6.1x fiscal 2024 adjusted EBITDA, and will be funded with cash on hand and debt if necessary. Foot Locker shareholders will have an option to receive 0.1168 shares of DKS stock for each ... Log in to view full article.