Sporting goods retailers rally after Hibbett attracts buyout offer

seekingalpha04-23

Hibbett (NASDAQ:HIBB) rallied in Tuesday morning trading after the sporting good retailer attracted a buyout offer from JD Sports Fashion (OTCPK:JDSPY) at $87.50 per share, or about $1.1B. The Hibbett...

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The Hibbett...</p>\n\n<a href=\"https://seekingalpha.com/news/4092557-sporting-goods-retailers-rally-after-hibbett-attracts-buyout-offer\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sporting goods retailers rally after Hibbett attracts buyout offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSporting goods retailers rally after Hibbett attracts buyout offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-23 22:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4092557-sporting-goods-retailers-rally-after-hibbett-attracts-buyout-offer><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hibbett (NASDAQ:HIBB) rallied in Tuesday morning trading after the sporting good retailer attracted a buyout offer from JD Sports Fashion (OTCPK:JDSPY) at $87.50 per share, or about $1.1B. The Hibbett...</p>\n\n<a href=\"https://seekingalpha.com/news/4092557-sporting-goods-retailers-rally-after-hibbett-attracts-buyout-offer\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0008368742.USD","symbol_name":"首域中国增长基金I Acc","start_time":0,"source_url":"https://seekingalpha.com/news/4092557-sporting-goods-retailers-rally-after-hibbett-attracts-buyout-offer","article_id":"2429640116","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1347295696/image_1347295696.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429640116","pubTimestamp":1713883600,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Hibbett (NASDAQ:HIBB) rallied in Tuesday morning trading after the sporting good retailer attracted a buyout offer from JD Sports Fashion (OTCPK:JDSPY) at $87.50 per share, or about $1.1B. 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The Hibbett (HIBB) board has unanimously approved the transaction, which is expected to close in the second half of 2024. Weighing in on the development, Seeking Alpha analyst Caffital Research said regulatory approval seems to be the only real concern in the transaction’s approval process. However, as the sector is filled with large direct and indirect competitors such as Foot Locker (FL) and Big 5 Sporting Goods (BGFV), Caffital Research does not believe that a regulatory block is likely to happen. The analyst also called the acquisition price a good deal for Hibbett (HIBB) shareholders. Shares of Hibbett (HIBB) were up 19.22% to $86.42 at 10:44 a.m. The deal has also attracted some attention in the sports retailer sector, with Sportsman's Warehouse Holdings (SPWH) rallying 3.75%, Big 5 Sporting Goods (BGFV) adding 3.56%, Academy Sports and Outdoors (ASO) gaining 2.99%, and Dick's Sporting Goods (DKS) showing a 2.58% rise. Even Foot Locker (FL) rose 2.40% after the sector M&A news. Meanwhile, in London trading, JD Sports Fashion (OTCPK:JDSPY) (OTCPK:JDDSF) was up 3.15% in late afternoon action.  More on Hibbett  JD Sports' Acquisition Gives Great Value To Hibbett Shareholders Hibbett: Short-Term Concerns Don't Negate Long-Term Story Bronte Capital - Hibbett: Nike's Core Retailer To A Core Demographic JD Sports to acquire Hibbett in $1.1B deal Hibbett faces a difficult 2024 - analysts","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429640116"}