Dick’s Sporting Goods, Inc. announced Thursday it will acquire Foot Locker, Inc. for $2.4 billion.

Foot Locker will remain a standalone business and keep its brands, including Foot Locker Kids, WSS, Champs Sports, and Atmos.

Foot Locker owns Kids Foot Locker, Champs Sports, WSS, and atmos, and has 2,400 stores in 20 countries, including North ...

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a ...

Foot Locker shareholders can choose to get either $24 in cash or 0.1168 shares of Dick's Sporting Goods common stock for ...

Dick's Sporting Goods was nearing a deal to buy rival footwear retailer Foot Locker for about $2.3 billion, the Wall Street ...

Foot Locker shares are soaring after the footwear retailer agreed to be purchased by Dick's Sporting Goods in a ...

Shares in the sporting goods retailer sank more than 13% after the deal was announced. By contrast, Foot Locker’s stock ...

Dick's has been a top operator for years, and the company expects this deal to contribute to earnings in the first full year following its close.

The major retailer says it plans to keep the Foot Locker brand, which includes Kids Foot Locker and Champs Sports.