Adidas shares rose more than 7 percent in Frankfurt trading

admin on 9 de Novembro de 2013

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Under the terms of the deal, Adidas Salomon AG will pay $59 per share for all of Reebok International Ltd.’s outstanding stock, a premium of 34 percent to Tuesday’s closing price, said Adidas Chairman and CEO Herbert Hainer. Shares of Reebok rose 30 percent on the news. Adidas shares rose more than 7 percent in Frankfurt trading..

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