Adidas to buy Reebok
03/08/2005
The world’s second largest sporting brand, adidas, has announced that it is to acquire US-based brand Reebok. The boards of adidas-Salomon AG and Reebok International Ltd. stated that adidas will acquire all of the outstanding shares of Reebok for US$59.00 per share in cash, for approximately € 3.1 billion ($3.8 billion) including the assumption of net cash of €69 million ($84 million).
The acquisition is likely to be finalised in the first half of 2006.
Share this story:
