Why Is Athletic-Inspired Fashion Retailer Hibbett Stock Jumping Today?
Why Is Athletic-Inspired Fashion Retailer Hibbett Stock Jumping Today?
Hibbett, Inc. (NASDAQ:HIBB) shares are trading higher by 18% in the premarket session on Tuesday.
希贝特公司（纳斯达克股票代码：HIBB）股价在周二的盘前交易中上涨了18％。
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.
希贝特宣布了一项最终协议，根据该协议，京东体育时尚有限公司（场外交易代码：JDSPY）将以每股87.50美元的现金收购希贝特，企业总价值约为11亿美元。
Per share price represents a 21% premium to the April 22, 2024, closing price.
每股价格比2024年4月22日的收盘价高出21％。
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 AG (OTC:ADDYY), and HOKA, Reuters reported.
路透社报道，上个月，京东体育预计，欧洲足球锦标赛、巴黎奥运会以及包括耐克公司（纽约证券交易所代码：NKE）、阿迪达斯股份公司（场外交易代码：ADDYY）和HOKA等品牌的新款运动鞋和运动服将提振乏善可陈的市场。
Under the terms of the definitive merger agreement, Hibbett has agreed to suspend the payment of dividends on its common stock and the purchase of shares under its existing Stock Repurchase Program through the transaction's closing.
根据最终合并协议的条款，希贝特已同意在交易完成之前暂停支付其普通股股息和根据其现有股票回购计划购买股票。
"Today's announcement is a true testament to all that our Hibbett | City Gear teams have built over the years and reinforces the strength of our brands, our close relationships with our vendor partners, and our team of dedicated colleagues across the country," said Mike Longo, President and Chief Executive Officer of Hibbett.
Hibbett总裁兼首席执行官迈克·隆戈表示：“今天的公告真实地证明了我们的Hibbett | City Gear团队多年来建立的一切，巩固了我们品牌的实力、与供应商合作伙伴的密切关系以及我们在全国各地的敬业同事团队。”
The deal also represents a 29% premium to the 120-trading day volume weighted average price of Hibbett.
该交易还比Hibbett的120个交易日成交量加权平均价格高出29％。
"We're thrilled to acquire Hibbett | City Gear, combining two of the most respected athletic retail brands in the United States, as we continue to strategically expand our global multi-brand platform," said Régis Schultz, Chief Executive Officer of JD Sports.
京东体育首席执行官雷吉斯·舒尔茨表示：“随着我们继续战略性地扩展我们的全球多品牌平台，我们很高兴收购Hibbett | City Gear，合并了美国两个最受尊敬的运动零售品牌。”
Following the closing of the transaction, Mike Longo will continue to serve as President and Chief Executive Officer and Jared Briskin will take on the role of Chief Operating Officer of Hibbett.
交易完成后，迈克·隆戈将继续担任总裁兼首席执行官，贾里德·布里斯金将担任希贝特的首席运营官。
The transaction is expected to close in the second half of 2024.
该交易预计将于2024年下半年完成。
Hibbett will maintain its corporate headquarters in Birmingham, Alabama.
Hibbett将保留其位于阿拉巴马州伯明翰的公司总部。
Price Action: HIBB shares are trading higher by 18.6% to $86.00 premarket on the last check Tuesday.
价格走势：在周二的最后一次支票中，HIBB股价盘前上涨18.6％，至86.00美元。
Photo via Wikimedia Commons
照片来自维基共享资源