adidas compra reebok
Adidas to Buy Reebok
In Bid to Gain on Nike
By DENNIS K. BERMAN in New York, STEPHANIE KANG in Los Angeles and MATTHEW KARNITSCHNIG in Gütersloh, Germany
Staff Reporters of THE WALL STREET JOURNAL
August 3, 2005; Page A1
Germany's Adidas-Salomon AG agreed to buy rival Reebok International Ltd. for €3.1 billion ($3.78 billion), in a big bid by two former giants of the athletic-footwear industry to challenge the long-running supremacy of Nike Inc.
Adidas said it will pay $59 a share for Reebok – a 34% premium over the $43.95 at which its shares closed in 4 p.m. trading Tuesday on the New York Stock Exchange.
posted by Andy W at
Wednesday, August 03, 2005
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