JD Sports Fashion Set to Expand in the U.S. with $1.08 Billion Hibbett Inc Acquisition from inc ricky Watch Video
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⏲ Duration: 0:44 👁 View: 155K times ✓ Published: 24-Apr-2024
Description: JD Sports Fashion has proposed to acquire American athletic retailer Hibbett Inc for approximately $1.08 billion. The acquisition comes as shares of athletic apparel companies have declined globally following weak forecasts from Nike and Puma. JD Sports will pay $87.50 per share in cash for Hibbett, representing a 20% premium over its last closing stock price. The deal will extend JD Sports' presence in the U.S. from \