Wednesday, August 03, 2005

Adidas to buy Reebok for $3.8 bln - Yahoo! News

FRANKFURT (Reuters) - Germany's sporting goods maker Adidas-Salomon (ADSG.DE) has agreed to buy U.S. rival Reebok (NYSE:RBK - news) 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.
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