Two major retailers best known for their athletic wear have announced plans to merge in a $2.4 billion deal which is expected to close this month.

In a statement on Aug. 26 , Dick’s Sporting Goods said that plans to merge with Foot Locker are still underway after approximately 99% of both companies’ shareholders approved the merger and have received all the necessary regulatory approvals.

This includes fulfilling the waiting period under the Hart-Scott-Rodino Act, which gives the Federal Trade Commission (FTC) and the Department of Justice (DOJ) 30 days to review large mergers before they’re completed. This expired on Aug. 25 and the merger is expected to close on Sept. 8.

“We are now one step closer to joining forces with DICK’S and even better positioning the business to expand snea

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