Infrastructure

JD Sports steps up US push with $1.1bn Hibbett acquisition

SportzPower Team
Apr 24, 2024 20:04

British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

May 18, 2020 19:05
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Karnataka government logo
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Mukesh Ambani
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Signify logo
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