British retailer JD Sports to buy US rival Hibbett for $1.08 billion

Reuters04-23

April 23 (Reuters) - British sportswear retailer JD Sports Fashion has proposed to buy U.S. athletic-fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday.

JD Sports will pay $87.50 per Hibbett share in cash.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)

((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))

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