A blockbuster retail deal has moved one step closer to completion, but it still faces a potential roadblock.

Foot Locker shareholders voted to approve its acquisition by Dick’s Sporting Goods at a special company meeting of shareholders held on Friday. Under the terms of the deal, which was announced in May, Foot Locker shareholders will elect to receive either $24.00 in cash or 0.1168 shares of Dick's common stock for each share of Foot Locker common stock owned.

Based on a preliminary vote count from the special meeting, approximately 99% of votes cast were in favor of the merger agreement, representing approximately 70% of all outstanding shares.

The deal, which been unanimously approved by the boards of both companies, would give Dick's a global footprint for the first tim

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