JD Sports to buy U.S. rival Hibbett in $1.08 billion sportswear retail deal
CNBC - 2024-04-23T09:44:59.000Z

JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday.

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JD Sports To Buy Hibbett In $1 Billion U.S. Expansion Deal
The U.K.’s biggest sportswear retailer JD Sports is to buy Alabama-based athletic fashion retailer Hibbett Inc. for about $1.08 billion, the companies said.
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The Greater Manchester sportswear seller is set to acquire the Alabama company for $87.5 per share, marking a 21% premium on its closing share price on Monday
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The North American revenue of the combined company would total $5.80 billion.
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