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GALYAN'S STOCKHOLDERS OK SALE

Dick's Sporting Goods said it expects to complete by today its $305 million purchase of Galyan's Trading Co. after shareholders of the smaller company tendered about 95 percent of their shares.

Dick's agreed to pay $16.75 per share in cash for about 18.2 million outstanding shares of Plainfield-based Galyan's stock and assume about $57 million in debt, the companies said Thursday. The deal gave shareholders a premium of about 50 percent over Galyan's trading price at the time the deal was announced June 21.

With the addition of the 48 Galyan's stores, Pittsburgh-based Dick's will operate 221 stores in 32 states.

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