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Adidas set to take over Reebok

Adidas set to take over Reebok
Buy-out

Adidas-Salomon AG, the world`s second largest sporting goods company, has announced its plans to buy out Reebok, the No. 3 player, for $3.8 billion. The deal offers $59 per share in cash, a 34 per cent premium to Reebok’s closing share price on August 2, 2005.



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