Courtesy of Samantha Conti, Footwear News British sneaker and athletics giant JD Sports Fashion is set to acquire the Birmingham, Alabama-based retailer Hibbett, part of its efforts to dig deeper into the U.S. market. JD Sports said Tuesday it plans to acquire 100 percent of Hibbett, which is quoted on the Nasdaq, for a price of $87.50 per share, in cash, implying an enterprise value of $1.11 billion. JD, a FTSE 100 company that’s majority owned by Pentland Group, said it expects to fund the deal and refinance Hibbett’s existing debt through a combination of existing U.S. cash…
Read MoreJD Sports to acquire Hibbett Sports
