BRIEF-Hibbett Announces Definitive Agreement To Be Acquired By JD Sports Fashion

Reuters04-23

April 23 (Reuters) - Hibbett Inc :

* HIBBETT, INC. ANNOUNCES DEFINITIVE AGREEMENT TO BE ACQUIRED BY JD SPORTS FASHION PLC

* UNDER TERMS OF DEFINITIVE MERGER AGREEMENT, HIBBETT HAS AGREED TO SUSPEND PAYMENT OF DIVIDENDS ON ITS COMMON STOCK

* HIBBETT WILL JOIN JD SPORTS FAMILY OF ATHLETIC FOOTWEAR AND FASHION RETAIL BRANDS AND WILL CEASE TO BE A PUBLICLY TRADED COMPANY

* MIKE LONGO WILL CONTINUE TO SERVE AS PRESIDENT & CEO AND JARED BRISKIN WILL TAKE ON ROLE OF CHIEF OPERATING OFFICER OF HIBBETT

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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