Member access

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


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Adidas Subsidiary To Acquire US-Based Adams Golf

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

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.


-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
React to this article
Latest news on ADIDAS AG
2d ago ADIDAS : Manchester United count the cost of Champions League absence: Football ..
2d agoDJDick's Sporting Goods Sees Golf Turnaround in 2015 -- Update
2d agoDJManchester United Revenue Falls On Disappointing Season
3d ago ADIDAS : celebrates more than 25 years of manufacturing in Indonesia
11/13 ADIDAS : TAKE BACK RAPIST AND WE'LL QUIT AS SPONSOR ; Firm's threat to Sheffield..
11/13 ADIDAS : 2 MORE CLUB PATRONS QUIT OVER RAPIST STAR ; And pressure grows on spons..
11/12 ADIDAS : Police appeal for help to find attackers
11/11 Rising stars make Adidas more American, less soccer-mad
11/10 ADIDAS : Lauren's Felt Stan Smiths
11/10 Puma footwear sales recover amid marketing push
Duration : Period :
adidas AG Technical Analysis Chart | ADS | DE000A1EWWW0 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes