Tag: buying
Dick’s Sporting Goods is buying Foot Locker for $2.4 billion
Alina Selyukh Athletic retailer Dick’s Sporting Goods plans to buy Foot Locker, the seller of shoes in many a shopping mall, for about $2.4 billion. Dick’s is the largest sports retail chain in the U.S. It’s been on strong financial footing, but it doesn’t have reach outside the country. Foot Locker, for its part, has…
Biden blocks Nippon Steel from buying US Steel
US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership could pose risks for national security. The controversial decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal, describing it as a lifeline for its smaller Pennsylvania-based rival. But the transaction soon…