Dick's Sporting Goods reportedly preparing a $2.3bn swoop for Foot Locker

  • Dick's Sporting Goods (NYSEKS) is reportedly nearing an agreement to acquire rival retailer Foot Locker, Inc. (NYSE:FL) for around $2.3 billion, according to sources cited by The Wall Street Journal. The deal is said to value Foot Locker at $24 per share, marking an 86.5% premium on its most recent closing price.