Robert Garfield argued in a lawsuit filed in the Supreme Court for the State of New York that the proposed buyout shouldn’t ...

Foot Locker shares are jumping as a result, up 83% as of 10:15 a.m. ET, while Dick's is down about 15%. Two big names in sports shoes ...

Shares of Foot Locker surged 85% to $23.78 on Thursday on the news, after losing about 40% in the year so far. Dick’s Sporting Goods fell 14%. TD Cowen analyst John Kernan said the deal would be ...

Before the Dick's deal, Foot Locker's stock price has tumbled more than 40% this year. Foot Locker shares surged $10.90, or nearly 85%, to $23.78 after the start of trade on Thursday.

Athletic retailer Dick's Sporting Goods plans to buy Foot Locker, the seller of shoes in many a shopping mall, for about $2.4 billion. Dick's is the largest sports retail chain in the U.S.