Dick's Sporting Goods (DKS) is in advanced talks to acquire Foot Locker (FL) in a deal valued at about $2.3 billion, The Wall Street Journal reported Wednesday, citing people familiar with the matter.
The parties have discussed a purchase price of $24 per share for Foot Locker, and a deal could be finalized as soon as Thursday, barring any last-minute issues, the report added.
Dick's Sporting Goods and Foot Locker didn't immediately respond to a request for comment from MT Newswires.
Foot Locker shares surged more than 65% in recent after-hours activity.
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