UK's JD Sports gains on deal to buy US rival Hibbett

Hibbett

23/04/2024 08:23

** Shares of sportswear retailer JD Sports Fashion  JD.L 
rise 2% at 121p
    ** Stock among top pct gainers on FTSE 100 index  .FTSE 
    ** Co proposes to buy American athletic-fashion retailer
Hibbett  HIBB.O  for about $1.08 bln
    ** Says enlarged group would have combined revenues of about
4.7 bln pounds ($5.80 bln) in North America
    ** Shares down ~29% YTD, as of last close

($1 = 0.8105 pounds)

 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))