Benchmark downgraded Hibbett to Hold from Buy after JD Sports Fashion announced an agreement to acquire the company for $87.50 per share in cash.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIBB:
- UK Stocks: JD Sports (JD) Eyes US Market with $1.08B Hibbett Acquisition; Shares Rise
- Hibbett to be acquired by JD Sports Fashion for $87.50 per share in cash
- Hibbett to participate in a conference call with Benchmark
- Hibbett management to meet virtually with Seaport Research
- Hibbett management to meet virtually with Seaport Global