Adidas buys outstanding shares of Reebok
"Both boards agreed to the takeover, which will create a company with combined annual sales of some $11.1 billion. Nike’s sales in its 2004/05 business year to May were $13.7 billion.
“Adidas, best known for its trademark three-striped running shoes, has been trying to imitate the success of German rival Puma, whose trendy sportswear has spread far beyond the gym or running track.”
Will this be the Daimler Chrysler of footwear? Adidas Reebok just doesn’t have the alliterative nmemonic of Daimler Chrysler.