Reebok -- More Corporate Monopolization AND Selling Out USA.

[Armstead]

Yet another example of the One-Two Punch that is destroying the American economy and democracy. Corporate cponsolidation AND selling our economy out to non-US companies.

And yet, no attention paid to this key issue.


http://today.reuters.com/business/newsarticle.aspx?type=ousiv&storyID=2005-08-03T132854Z_01_L03324807_RTRIDST_0_BUSINESSPRO-RETAIL-ADIDAS-REEBOK-DC.XML

Adidas to buy Reebok for $3.8 bln
Wed Aug 3, 2005 9:29 AM ET
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By Ulf Laessing

FRANKFURT (Reuters) - Germany's sporting goods maker Adidas-Salomon has agreed to buy U.S. rival Reebok for $3.8 billion, closing the gap on Nike and promising a profit jump by expanding in the United States and entering new markets.

The world's second- and third-biggest sports goods companies said on Wednesday Adidas would buy the outstanding shares of Reebok for $59 per share in cash, a 34 percent premium to Reebok's closing share price on Tuesday.

The combination will create a more formidable competitor to battle Nike's dominance of the market for athletic gear, particularly in the United States, which accounts for 50 percent of the sports footwear market alone.

[carnie_sf]

1. One of the reasons

I wear New Balance