Weekly E-News, Issue #122, August 9, 2005 | License Global

Weekly E-News, Issue #122, August 9, 2005





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Adidas to Buy Reebok
Sporting goods company Adidas-Salomon AG agreed to buy Reebok International
Ltd. for approximately $3.8 billion. The combined company would have about
$11.7 billion in sneaker and sports equipment sales, compared with Nike's $13.7
billion. Adidas Chief Executive Herbert Hainer says he intends to have the two
businesses run separately. Reebok CEO Paul Fireman will continue to manage the
Reebok brand.

Jeep Rides into Boys' Home D