British retailer JD Sports to buy US rival Hibbett for $1.08 billion-March 2024-www.financetom.com

British retailer JD Sports to buy US rival Hibbett for $1.08 billion

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British retailer JD Sports to buy US rival Hibbett for $1.08 billion

Apr 22, 2024 11:27 PM

April 23 (Reuters) - British sportswear retailer JD

Sports Fashion has proposed to buy U.S. athletic-fashion

retailer Hibbett Inc ( HIBB ) for about $1.08 billion, the

companies said on Tuesday.

JD Sports will pay $87.50 per Hibbett ( HIBB ) share in cash.

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