CNN.com - Adidas to pay $3.8bn for Reebok - Aug 3, 2005: "FRANKFURT (Reuters) -- Germany's Adidas-Salomon is to buy rival sporting goods firm Reebok in a deal worth €3.1 billion ($3.8 billion), Adidas said on Wednesday as it posted a forecast-beating second-quarter profit.
Adidas, the global number two in the sporting goods industry after Nike, is buying all outstanding shares of Reebok, the number three, for $59 per share in cash, Adidas said in a statement."
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