JD Sports buys US-based Hibbett for $1.08bn
Hibbett Sporting Goods Inc.
$86.56
08:39 03/05/24
0.08%
$0.07
JD Sports Fashion on Tuesday said it was buying US sports fashion retailer Hibbett for $1.08bn (£878m).
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Headquartered in Birmingham, Alabama, Nasdaq-listed Hibbett has 1,169 stores in 36 states across the US trading under the Hibbett and City Gear fascias.
JD Sports said it would pay $87.50 a share in cash for Hibbett stock.
Reporting by Frank Prenesti for Sharecast.com