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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).

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