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

Hibbett

23/04/2024 07:08

April 23 (Reuters) - British sportswear retailer JD
Sports Fashion  JD.L  has proposed to buy U.S. athletic-fashion
retailer Hibbett Inc  HIBB.O  for about $1.08 billion, the
companies said on Tuesday.
    JD Sports will pay $87.50 per Hibbett share in cash.
    
      

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))