Hibbett Sports (HIBB) has disclosed a new risk, in the Litigation & Legal Liabilities category.
Hibbett Sports faces substantial legal risk due to potential stockholder litigation related to its impending Merger. Shareholders may initiate class action lawsuits or other legal actions challenging the Merger Agreement, which could lead to unpredictable outcomes and potential defense costs. Such litigation may not only delay or halt the completion of the Merger but also impose additional financial burdens on Hibbett Sports, including indemnification costs for directors, thereby negatively impacting the company’s operational and financial performance.
The average HIBB stock price target is $72.60, implying -16.63% downside potential.
To learn more about Hibbett Sports’ risk factors, click here.
