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.
希貝特公司（納斯達克股票代碼：HIBB）股價在週二的盤前交易中上漲了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.
希貝特宣佈了一項最終協議，根據該協議，京東體育時尚有限公司（場外交易代碼：JDSPY）將以每股87.50美元的現金收購希貝特，企業總價值約爲11億美元。
Per share price represents a 21% premium to the April 22, 2024, closing price.
每股價格比2024年4月22日的收盤價高出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.
路透社報道，上個月，京東體育預計，歐洲足球錦標賽、巴黎奧運會以及包括耐克公司（紐約證券交易所代碼：NKE）、阿迪達斯股份公司（場外交易代碼：ADDYY）和HOKA等品牌的新款運動鞋和運動服將提振乏善可陳的市場。
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.
根據最終合併協議的條款，希貝特已同意在交易完成之前暫停支付其普通股股息和根據其現有股票回購計劃購買股票。
"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總裁兼首席執行官邁克·隆戈表示：“今天的公告真實地證明了我們的Hibbett | City Gear團隊多年來建立的一切，鞏固了我們品牌的實力、與供應商合作伙伴的密切關係以及我們在全國各地的敬業同事團隊。”
The deal also represents a 29% premium to the 120-trading day volume weighted average price of Hibbett.
該交易還比Hibbett的120個交易日成交量加權平均價格高出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.
京東體育首席執行官雷吉斯·舒爾茨表示：“隨着我們繼續戰略性地擴展我們的全球多品牌平台，我們很高興收購Hibbett | City Gear，合併了美國兩個最受尊敬的運動零售品牌。”
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.
交易完成後，邁克·隆戈將繼續擔任總裁兼首席執行官，賈裏德·布里斯金將擔任希貝特的首席運營官。
The transaction is expected to close in the second half of 2024.
該交易預計將於2024年下半年完成。
Hibbett will maintain its corporate headquarters in Birmingham, Alabama.
Hibbett將保留其位於阿拉巴馬州伯明翰的公司總部。
Price Action: HIBB shares are trading higher by 18.6% to $86.00 premarket on the last check Tuesday.
價格走勢：在週二的最後一次支票中，HIBB股價盤前上漲18.6％，至86.00美元。
Photo via Wikimedia Commons
照片來自維基共享資源