JD Sports, a UK-based company, has agreed to acquire US sportswear retailer Hibbett Inc. for approximately $1.1 billion. The deal includes a 21% premium, with JD Sports paying $87.50 cash per share. This acquisition is part of JD Sports' strategy to expand its presence in the US market, particularly in the Southeast and Midwest regions. The deal is seen as immediately accretive, with key management from Hibbett staying on to support JD Sports' US roll-out.
JD Sports says acquiring Hibbett will give it a better foothold in the Southeast and Midwest United States. https://t.co/28y5NTecHS #ecommerce #onlineretail #retail #acquisitions
πΊπΈ UK-based JD Sports to buy rival retailer Hibbett for $1.1B https://t.co/97oGGysutT
πΊπΈ JD Sports to deepen US reach with $1bn bid for Hibbett https://t.co/cTBeJ3fjiu
JD Sports said on Tuesday that it has proposed to buy U.S. athletic fashion retailer Hibbet Inc. for approximately $1.08 billion as the U.K. sportswear store chain eyes expansion in the American southeast. https://t.co/Bzad5qwydZ
π¬π§ After its latest deal, could JD Sports be the next FTSE 100 company to move to the US? https://t.co/79JCRKPnse
π¬π§ JD Sports picks up US retailer as stateside focus increases https://t.co/EUNVzNtoyQ
π¬π§ JD Sports strikes Β£899m deal for US sportswear brand Hibbett https://t.co/Yo39tSLvXz
π¬π§ JD Sports strikes $1.1bn deal to expand into US https://t.co/7mlwusJ0Op
π¬π§ JD Sports to buy Hibbett for $1bn to boost US expansion https://t.co/63gYpMbKsd
β‘οΈ M&A Deal Sheet β¬ οΈ Hibbett $HIBB to be acquired by JD Sports for $87.50 cash per share, 20.0% premium, $1.1 billion, 6.1x EBITDA (2025E) Trading at a 5.8% arbitrage yield and an implied 91% odds of success https://t.co/uNWEr7A5ZL https://t.co/ZFLXCTMUvT
Since #LinaKhan's now committed to defending aspirational poors from higher faux-luxury handbag prices... ...does that mean she'll try wade into this $HIBB deal to protect (urban) sneaker-heads from drop price-gouging!? π€―ππ https://t.co/rmauwzTRQQ
πΊπΈ JD Sports agrees to buy Hibbett for $1.1 billion in push for US growth https://t.co/4LZ17WtCWp
$JD.L $HIBB Crikey...didn't see this #JD acq'n of #Hibbett/#CityGear coming! https://t.co/4w4VaftKaU 21% premium, no's/multiple look good vs. #JD itself, deal is immediately accretive (JD has cash on hand!), key mgmt staying on, helps JD US roll-out. https://t.co/et3jxibrNj