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Adidas up on talk of Nike, Asics interest

Published by
Matt Scherer   Dec 4th 2007, 5:19am
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Mon Dec 3, 2007 7:27am ET140

FRANKFURT (Reuters) - Shares in Adidas rose more than 3 percent on Monday as traders cited market talk that U.S. rival Nike and Japanese sports shoe maker Asics were interested in the German company.

"There is the rumor that Asics and Nike are bidding for Adidas," one trader said, adding that the two companies would apparently together bid $15.28 billion for the German sporting goods maker.

Read the full article at: today.reuters.com

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