DICK'S Sporting Goods Releases Pro Forma Financials for Merger with Foot Locker

Reuters09-06
DICK'S Sporting Goods Releases Pro Forma Financials for Merger with Foot Locker

Dick's Sporting Goods Inc. has released unaudited pro forma condensed combined financial statements related to its merger with Foot Locker Inc. The financial information is intended for illustrative purposes and does not necessarily represent the actual or future results of the combined company. Prepared in accordance with Article 11 of Regulation S-X, the statements use the acquisition method of accounting under ASC 805, with Dick's Sporting Goods as the accounting acquirer. The pro forma adjustments are based on available information and certain reasonable assumptions, though they may change materially upon the merger's completion. Notably, the statements do not account for any anticipated synergies or integration costs.

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