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Friday, December 07, 2007

Speculative takeover of adidas: no foundation ?

Speculation over Nike Inc. and Asics Corp. to make a takeover bid for rivals Adidas AG. seems groundless. However after the news broke last week, adidas shares rose 68 cents, or 1.5 percent, to 46.15 euros. The gain was the biggest since Nov. 28. Adidas meantime have made no comment other than to say any speculation is ‘utter nonsense’ and the Asics Corp have publically denied any interest in acquiring Adidas (together with Nike).

No smoke without fire?

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