Adidas to buy Reebok for $3.8 bln
asprin
1,765 Posts
FRANKFURT (Reuters) - Germany's sporting goods maker Adidas-Salomon has agreed to buy U.S. rival Reebok for $3.8 billion, closing the gap on Nike and promising a profit jump by expanding in the United States and entering new markets.The world's second- and third-biggest sports goods companies said on Wednesday Adidas would buy the outstanding shares of Reebok for $59 per share in cash, a 34 percent premium to Reebok's closing share price on Tuesday.Sayin!Will Addidas keep making the 'Classics'?
Comments
Also gotta wonder about: G-unit sneakers & Ice Creams by Pharrell (are these still in production even?)
I didn't know anybody wore Reeboks anymore. Not literally, but it seems they fell off since their popularity heyday back in the late 80's/early 90's.
My Reedidas or Adidok!
Weebok's was always a funny name
The new ones are also a straight bite of the Jordan IV
Step your game up Reebok you will forever lurk in the Nike shadow...
Nike brings the heat
i rocked these all last year...
I'm pretty sure that the Ice Creams were deep sixed... I think I read it somewhere, but I forget all the details. I guess I'm just old but MAN those things looked horrible!
pharrell severed ties with reebok over the production of his clothing line along side the icecreams, over money and rights issues.
the kicks were only made in limited amounts (200 of each style i think) and are still available if you can find them, but i know the bootleggers dont even have icecreams up anymore...
Drew knows what's up... head's just ain't ready!!
Phill, age has nothing to do with it, those Icecream??? shoes were just plain ugly.
They come with leg braces?
ZING!
lol, no just a speech impediment...
cmon everyone still loves reebok pumps RIGHT
I got a pair of these for ??20 so I think they are kinda cool they look a bit shabby in the pic though
Oh I'm late for jazzercise class......