Reebok shareholders approve adidas transaction
26/01/2006
Reebok International Ltd shareholders have approved the company's merger agreement with adidas-Salomon AG. More than 98% of the votes cast were in favour of the transaction.
Under the terms of the agreement announced on August 3, 2005, Reebok shareholders will receive $59 per share in cash upon close of the transaction for an approximate transaction value of €3.1 billion ($3.8 billion).