NKE - Why Is Athletic-Inspired Fashion Retailer Hibbett Stock Jumping Today? | Benzinga
Hibbett, Inc. (NASDAQ:HIBB) shares are trading higher by 18% in the premarket session on Tuesday.
Hibbett announced a definitive agreement in which JD Sports Fashion PLC (OTC:JDSPY) will acquire Hibbett for $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion.
Per share price represents a 21% premium to the April 22, 2024, closing price.
Last month, JD Sports anticipated a boost in the lackluster market from the Euro soccer championships, the Paris Olympics, and new styles of trainers and tracksuits featuring brands like Nike, Inc. (NYSE:NKE), Adidas ...