BRIEF-Hibbett Announces Definitive Agreement To Be Acquired By JD Sports Fashion-March 2024-www.financetom.com

BRIEF-Hibbett Announces Definitive Agreement To Be Acquired By JD Sports Fashion

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BRIEF-Hibbett Announces Definitive Agreement To Be Acquired By JD Sports Fashion

Apr 23, 2024 12:07 AM

April 23 (Reuters) - Hibbett Inc ( HIBB ):

* HIBBETT, INC. ( HIBB ) ANNOUNCES DEFINITIVE AGREEMENT TO BE

ACQUIRED BY

JD SPORTS FASHION PLC

* UNDER TERMS OF DEFINITIVE MERGER AGREEMENT, HIBBETT HAS

AGREED

TO SUSPEND PAYMENT OF DIVIDENDS ON ITS COMMON STOCK

* HIBBETT WILL JOIN JD SPORTS FAMILY OF ATHLETIC FOOTWEAR

AND

FASHION RETAIL BRANDS AND WILL CEASE TO BE A PUBLICLY TRADED

COMPANY

* MIKE LONGO WILL CONTINUE TO SERVE AS PRESIDENT & CEO AND

JARED

BRISKIN WILL TAKE ON ROLE OF CHIEF OPERATING OFFICER OF HIBBETT

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