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JD Sports to acquire Hibbett in $1.1B deal
Hibbett (NASDAQ:HIBB) shares jumped 19% premarket on Tuesday after JD Sports Fashion (OTCPK:JDSPY) proposed to acquire the sporting goods retailer for about $1.1B.
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Hibbett’s stock falls after earnings and guidance fall short of expectations in ‘dynamic and challenging’ environment
Hibbett’s stock fell almost 9% early Friday ... The weak report comes a day after blowout earnings from bigger rival Dick’s Sporting Goods. Read now: Dick’s Sporting Goods shares soar ...