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Sen. Warren asks FTC to consider blocking Dick’s-Foot Locker merger, CNBC says

Senator Elizabeth Warren is calling on the FTC and DOJ to consider blocking Dick’s Sporting’s (DKS) proposed acquisition of Foot Locker (FL), writing in a letter to the agencies that the merger could cut jobs, raise prices and reduce competition, CNBC’s Gabrielle Fonrouge reports. The missive, sent Tuesday evening, asks the agencies to “closely scrutinize” the $2.4B merger and “block the deal” if they determine it violates antitrust laws. Warren argues in the letter, which was seen by CNBC, that the tie-up could create a duopoly in sneakers and other athletic shoes between the combined companies and its next largest competitor, JD Sports.

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