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Can You Say Adibok?
By David Meier (TMF HumbleServant)
August 4, 2005

For years, adidas and Reebok (NYSE: RBK) worked separately to compete against sports apparel and equipment behemoth Nike (NYSE: NKE).

Yesterday marked a turning point in their strategies as adidas made a $59-per-share bid to buy Reebok. That's a 34% premium to Tuesday's closing price and a 56% premium to the Motley Fool Stock Advisor recommendation price. Although Reebok's board gave its approval, shareholders will still need to vote on it...
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