Nike to buy Adidas?
Posted 20 March 2007 - 01:33 PM
As big as it would be for golf, it would be even bigger in hockey equipment. Nike would own the Bauer, RBK, CCM, and Jofa brands.
I expect that were this to happen, there is a lot of stuff that the combined company would have to spin off to gain approval.
Posted 20 March 2007 - 02:48 PM
Salomon group was acquired by adidas is December 1997 but was sold off to AmerSports (parent of Wilson) in late 2005.
Posted 20 March 2007 - 02:50 PM
Posted 20 March 2007 - 02:56 PM
and TM lovers and Nike haters switch to component heads
TMs a rat...Know what they do to rats in the Sopranos
Edited by skinkman, 20 March 2007 - 02:57 PM.
Posted 20 March 2007 - 03:03 PM
Nike already bought Converse
i doubt this move would happen just becuase of the huge marketshare that would be swallowed up, again adidas owns reebok and from a footwear standpoint combining arguably the three biggest names in footwear would definately be monoploizing the market.
Posted 20 March 2007 - 05:41 PM
i would not like that, im a die hard adidas guy (only shoes besdies dress showes i have worn since 3rd grade have been adidas...wear nothing else)
i would be shocked, because that would be a HUGE purchase for nike, and why would adidas want to sell?
Posted 21 March 2007 - 07:53 AM
FRANKFURT (Reuters) - Shares of German sporting goods maker Adidas AG (ADSG.DE: Quote, Profile, Research) rose as much as 3.4 percent on Monday on market talk it could be a takeover target, traders said.
About 3.2 million shares had traded by 1056 GMT, higher than the stock's 90-day average trading volume of 2.37 million. Adidas shares were up 1.6 percent at 38.47 euros by 1104 GMT having earlier climbed to 39.13 euros.
"There are rumors in the market that Nike (NKE.N: Quote, Profile, Research) was bidding for Adidas," one trader said.
Some analysts said the rumor was unfounded, adding that it makes no sense for Nike to buy Adidas.
"If you look at the financial power of Nike, it would be possible for them (to buy Adidas)", said Tim Burkhardt, an analyst at LBBW. "But I am not convinced that it is really an option or that Nike is really interested in Adidas."
Another analyst said buying Adidas "would be a regulatory nightmare for Nike".
He added: "There are always these rumors in the market. Sometimes Nike is buying Puma (PUMG.DE: Quote, Profile, Research), sometime Adidas."
Adidas declined to comment.
Nike could not be reached for comment.
Posted 21 March 2007 - 09:16 AM
Posted 24 March 2007 - 05:08 PM
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Posted 24 March 2007 - 10:51 PM