Brief: Hibbett Announces Definitive Agreement To Be Acquired By JD Sports Fashion

Hibbett

23/04/2024 07:51

April 23 (Reuters) - Hibbett Inc  HIBB.O :
    * HIBBETT, INC. 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

Source text for Eikon:  ID:nBw6b5XF4a 
Further company coverage:  HIBB.O 

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