Following the overwhelming approval of the merger by HIBB shareholders at a special meeting held on July 19, the deal closed effective July 25. JD agreed to purchase the small-market sneaker and apparel retailer in Apr. for $87.50 per share in cash, for a total enterprise value of $1,109 million. The deal was on hold until the Hart-Scott-Rodino Antitrust Act waiting period expired last month and it did not have to face any scrutiny from the FTC or DOJ. HIBB shares ceased trading at market close on July 24. The retailer ... Log in to view full article.