** Shares of sportswear retailer Hibbett up 18.3% at $85.74 premarket vs buyout offer of $87.50/share
** British rival JD Sports to buy Hibbett in $1.08 bln all-cash deal
** JD Sports' shares also gain
** Offer represents a premium of about 20% to Hibbett's last closing price
** Athletic clothing retailers under pressure globally after weak outlooks from the likes of Nike and Puma
** Hibbet shares flat so far this year and up about 26% in the past 12 months
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))
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