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The Pittsburgh-based company, which is the largest sporting goods retailer in the country, is nearing a deal to acquire rival Foot Locker, according to the Wall Street Journal. If finalized, the agreement is reportedly worth $2.3 billion and could be wrapped up as early as Thursday.

Foot Locker also has an India connection courtesy of its partnerships with listed entities like Metro Brands and FSN E-commerce Ventures, parent company of the beauty and fashion e-tailer Nykaa.