JD Sports' Acquisition of Hibbett: A Strategic Move for U.S. Growth

Tuesday, 23 April 2024, 08:23

JD Sports announces plans to purchase Hibbett for $1.1 billion, at $87.5 per share, reflecting a 21% premium on the closing price. The move signifies JD Sports' strategic push for expansion in the U.S. market, leveraging Hibbett's established presence and customer base.
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JD Sports' Acquisition of Hibbett: A Strategic Move for U.S. Growth

JD Sports to Acquire Hibbett in U.S. Expansion Deal

JD Sports, based in Greater Manchester, is making a significant move by acquiring Alabama-based company Hibbett for $1.1 billion. This strategic acquisition, priced at $87.5 per share, represents a premium of 21% over Hibbett's closing share price on Monday.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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