Move Over Nike?
German shoe and athletic apparel maker Adidas-Salomon AG and Canton, Mass.–based shoemaker Reebok inked a $3.8 billion merger deal, in which Adidas-Salomon will acquire all outstanding shares of Reebok stock. Analysts said the deal will give Adidas a stronger U.S. presence and swell its market share to that of its competitor, Beaverton, Ore.–based Nike Inc. The deal is expected to be finalized by mid-2006.
