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Nike declines to comment on rumored interest in Adidas

Shares in German sports goods maker Adidas rose as much as 3 percent on Monday, with traders citing market talk of takeover interest from U.S. rival Nike. Rumours say the company might be mulling a takeover bid for German rival Adidas, but a spokesman for Nike declined to comment. He said the company does not comment on market rumours.

'The rumour is a rehashed older rumour and I really don't think there is much to it,' a Frankfurt-based trader said earlier today, after shares of Adidas rose in reaction to the speculation.

Back in December 2007  Adidas AG chief executive Herbert Hainer described the first rumours that rivals Asics and Nike Inc may be considering a joint takeover bid for the German sporting equipment manufacturer as 'utter nonsense'.

A merger could prove to be problematic, industry sources say, as such a tie-up would most likely not get a green light from cartel authorities.

 

Comments (9)

  1. fsc

Without Adidas or \"buying out\" Adidas, who would Nike have to compete against? Puma? Diadora? I don\'t think so... Never going to happen Nike, leave Adidas alone, you already took their beloved France.

 
  1. fsc

Then every team on the entire planet will have the exact same template... :unsure:

 
  1. fsc

GO AWAY NIKE! You fuckheads will never be as great as Adidas!! Even though Adidas lost a lot in the last 2 years because they forgot to bring simplicity in the shirts concept... sometimes the simplest are the greatest! That\'s why Nike took over the european market!

 
  1. Matthew Wilkinson

Wow, Pretty good layout and logos, but the colour takes the army team history a little too far in my book. having said that, liking the style though. The camo style would look great on a white, red or blue shirt.

 
  1. Kory Schulz

i really like this:yes:

 
  1. Kory Schulz

i really like this:yes:

 
  1. Guest

Very innovative but its just wrong !

 
  1. fsc

Search for your

 
  1. Lamont

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