Reebok International Ltd shareholders have approved the company's merger agreement with adidas-Salomon AG. More than 98% of the votes cast were in favour of the transaction.

Under the terms of the agreement announced on August 3, 2005, Reebok shareholders will receive $59 per share in cash upon close of the transaction for an approximate transaction value of €3.1 billion ($3.8 billion).

"We are extremely pleased with the outcome of today's vote and appreciate the support of our shareholders," said Paul Fireman, chairman and CEO of Reebok. "The combination of Reebok and adidas is truly compelling. All of us at Reebok look forward to working with the adidas team to fully realise the opportunities that lie ahead."