JD Sports strikes £899m deal for US sportswear brand Hibbett
JD Sports has entered into a binding agreement to acquire US sportswear brand Hibbett for £899m.
In a statement to the City this morning, JD Sports said it expected to fund the acquisition, and refinance Hibbett’s existing debt “through a combination of existing US cash resources” of $300m (£243.1m) and a $1bn (£810m) extension to its American banking facility.
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