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Latest Adidas-Salomon Stories

2005-08-03 14:57:20

By Ulf Laessing FRANKFURT (Reuters) - Germany's sporting goods maker Adidas-Salomon has agreed to buy U.S. rival Reebok for $3.8 billion in a move to close the gap on Nike and promise a profit increase by expanding in the United States and entering new markets. The world's second- and third-biggest sports goods companies said Wednesday Adidas would buy the outstanding shares of Reebok for $59 per share in cash, a 34 percent premium to Reebok's closing share price Tuesday. The...

2005-08-03 13:01:20

By Ulf Laessing FRANKFURT (Reuters) - Germany's sporting goods maker Adidas-Salomon has agreed to buy U.S. rival Reebok for $3.8 billion in a move to close the gap on Nike and promise a profit increase by expanding in the United States and entering new markets. The world's second- and third-biggest sports goods companies said Wednesday Adidas would buy the outstanding shares of Reebok for $59 per share in cash, a 34 percent premium to Reebok's closing share price Tuesday. The...

2005-08-03 08:29:12

By Ulf Laessing FRANKFURT (Reuters) - Germany's sporting goods maker Adidas-Salomon has agreed to buy U.S. rival Reebok for $3.8 billion, closing the gap on Nike and promising a profit jump by expanding in the United States and entering new markets. The world's second- and third-biggest sports goods companies said on Wednesday Adidas would buy the outstanding shares of Reebok for $59 per share in cash, a 34 percent premium to Reebok's closing share price on Tuesday. The combination will...

2005-08-03 06:29:01

By Ulf Laessing FRANKFURT (Reuters) - German sporting goods maker Adidas-Salomon is buying U.S. rival Reebok in a 3.1 billion euro ($3.8 billion) deal to expand its reach in Nike's home market. Shares in Reebok surged 32 percent to $58.17 in Germany, while Adidas was up 6 percent at 156.40 euros at 1005 GMT, after it painted a bright outlook for the merged group. Adidas shares had initially dropped 4 percent on the news, as it said it would help fund the takeover with equity and as...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.