JD Sports buys US-based Hibbett for $1.08bn

By Sharecast News

Sharecast News | 23 Apr, 2024

23:30 20/11/24

87.49
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Min: 87.48

Volume: 1,059,843
MM 200 : 71.93

JD Sports Fashion on Tuesday said it was buying US sports fashion retailer Hibbett for $1.08bn (£878m).

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

JD Sports buys US-based Hibbett for $1.08bn

23:30 20/11/24

87.49

0.00%0.00

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