Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Adidas AG    ADS   DE000A1EWWW0

ADIDAS AG (ADS)

217
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Adidas Subsidiary To Acquire US-Based Adams Golf

03/19/2012 | 04:46am US/Eastern
Recommend:
0

TaylorMade-adidas Golf, a subsidiary of the German sportswear and equipment maker adidas AG (>> adidas AG), said Monday it has entered into an agreement to acquire all outstanding shares of golf clubs manufacturer Adams Golf (ADGF) for $10.80 per share in cash.

MAIN FACTS:

-The total value of the transaction amounts to $70 million or EUR53 million, representing a premium of around 71% to the share price prior to Jan. 4, 2012, when Adams Golf's said it was considering alternative strategies.

-The adidas group plans to finance the takeover with cash on hand or via existing credit lines.

-The transaction is subject to customary closing conditions, regulatory approvals as well as approval by Adams Golf shareholders.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

Stocks mentioned in the article : adidas AG
Recommend :
0
React to this article
Latest news on ADIDAS AG
1d ago ADIDAS : Suditi industries bags rights to sell real madrid merchandise
2d ago China's Li Ning stumbles from gold medal position to no man's land
2d ago ADIDAS : loss proves ticket to ride on digital success story Orange Bus ; Julian..
7d ago ST JUDE MEDICAL : Patent Issued for Collapsible and Re-Expandable Prosthetic Hea..
7d ago ADIDAS : IMF chief Lagarde under investigation in France
7d ago ADIDAS : FRANCE - IMF's Lagarde put under formal investigation in French corrupt..
08/24 ADIDAS : Andy Murray 'cozies up' with gal-pal during basketball game
08/22 ADIDAS : Boy, 11, robbed by teen in alley
08/21 ADIDAS : Patent Issued for Portable Fitness Monitoring Systems with Displays and..
08/20 EXCLUSIVE - BAIN CAPITAL TO INVEST I : sources
Advertisement
Chart
Duration : Period :
adidas AG Technical Analysis Chart | ADS | DE000A1EWWW0 | 4-Traders
Income Statement Evolution
adidas AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF