India, May 14 -- Dick's Sporting Goods Inc. (DKS) is close to finalizing a deal to Acquire Foot Locker Inc. (FL) for about $2.3 billion, according to the Wall Street Journal.
The agreement could be completed as soon as Thursday, unless unexpected issues arise.
The companies have reportedly discussed a purchase price of $24 per share for Foot Locker, representing nearly a 90% premium over its current market value, which has declined significantly this year.
FL closed Wednesday's regular trading at $12.87 down $0.44 or 3.31%. But, in the after-hours trading the stock gained $8.92 or 69.31%.
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