Dick's Sporting Goods closes in on deal to buy rival Foot Locker: report

1. Dick’s Sporting Goods is nearing a $2.3 billion acquisition of Foot Locker. 2. Foot Locker’s stock may be valued at $24 per share, an 86.5% premium. 3. Foot Locker shares surged 62% in after-hours trading following the news. 4. Dick's Sporting Goods shares fell approximately 5% amid acquisition discussions. 5. Deal could be finalized as soon as Thursday, boosting market speculation.