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home / articles / why is athletic inspired fashion retailer hibbett st mwn benzinga


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 ...

Full story available on Benzinga.com

Stock Information

Company Name: Nike Inc.
Stock Symbol: NKE
Market: NYSE
Website: nike.com

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