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35%  
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  • Adidas set to buy Reebok

    08/03/2005 6:26:48 PM PDT · by Extremely Extreme Extremist · 2 replies · 315+ views
    KPTV OREGON ^ | 08/03/2005 | AP
    FRANKFURT, Germany (AP) -- Adidas-Salomon AG said Wednesday that it will buy shoemaker Reebok International Ltd. in a $3.8 billion deal, giving the company about 20 percent of the U.S. market and putting it in a position to better challenge leader Nike Inc. Under the terms of the deal, Adidas, which has its North American headquarters in Portland, Ore., will pay $59 for all of Reebok's outstanding shares, a premium of 34 percent. The deal is subject to regulatory approval in the United States and Europe as well as by shareholders. Both companies said the transaction could close during the...