Dick’s Sporting Goods Reportedly Close to Buying Foot Locker for $2.3B
Two of the biggest sports retail giants are supposedly coming together, with the Wall Street Journal reporting that Dick’s Sporting Goods is nearing a deal to buy Foot Locker for $2.3 billion.
Under the current reported framework, Dick’s would be paying $24 per share for Foot Locker. On heels of the news, shares for Foot Locker soared over 67% in after-hours trading, while Dick’s stock price fell nearly 7% at the time of this writing.
