---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-021927"
form_type: "8-K"
ticker: null
cik: "0001017480"
company_name: "HIBBETT INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:15:18.575543+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Hibbett to be acquired by JD Sports affiliate for $87.50/share in all-cash deal

## Summary
- Transaction consideration of $87.50 per share in cash to Hibbett stockholders.
- Hibbett Board unanimously approved and recommends adoption by stockholders.
- Merger expected to close by January 23, 2025, subject to regulatory and stockholder approvals.
- Termination fees: $35.2M payable by Hibbett for superior proposal, $53.5M payable by Parent for antitrust failure.
- Hibbett to suspend dividends and share repurchases pending closing.

## SEC filing metadata
- accession: 0001140361-24-021927
- form_type: 8-K
- cik: 0001017480
- company_name: HIBBETT INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1017480/000114036124021927/0001140361-24-021927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1017480/000114036124021927/ef20027562_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-021927
- JSON: https://secwatch.observer/filing/0001140361-24-021927.json
- Plain text: https://secwatch.observer/filing/0001140361-24-021927.txt

## Key facts
- Material Agreements
  HIBBETT INC entered into Agreement and Plan of Merger with Genesis Holdings, Inc., Steps Merger Sub, Inc., and JD Sports Fashion plc valued at $87.50 in cash (effective 2024-04-23).
  - Action: entry
  - Agreement: merger
  - Counterparty: Genesis Holdings, Inc., Steps Merger Sub, Inc., and JD Sports Fashion plc
  - Value: $87.50 in cash
  - Effective: 2024-04-23
  source text: On April 23, 2024, Hibbett, Inc., a Delaware corporation (the “ Company ” or “ Hibbett ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Genesis Holdings, Inc., an Indiana corporation (“ Parent ”), Steps Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (“ Merger Sub ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1017480/000114036124021927/0001140361-24-021927-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.