By  on July 10, 2006

NEW YORK — Although Foot Locker has kept mum on a potential sale of the company, WWD has learned Kohlberg Kravis Roberts & Co. is a lead contender to buy the footwear company, possibly in a bid with Apollo Management.

A deal could happen within the next two to three weeks, according to private equity sources, who also said the bid price could be higher than $30, which was the price mentioned in May when WWD first reported Foot Locker was being targeted for a leveraged buyout.

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