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Latest Three stripes 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...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.