MILWAUKEE, April 23, 2024 /PRNewswire/ — Ademi LLP is investigating Hibbett (NASDAQ: HIBB) for possible breaches of fiduciary duty and other violations of law in its transaction with JD Sports.
Click here to learn how to join the https://www.ademilaw.com/case/hibbett-inc-0 or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Hibbett stockholders will receive only $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion. The transaction agreement unreasonably limits competing transactions for Hibbett by imposing a significant penalty if Hibbett accepts a competing bid. Hibbett insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Hibbett’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Hibbett common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/hibbett-inc-0.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
