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April 19, 2007
Report: Apax Considers Bid For Adidas
Adidas could be the next activewear company to be scooped up by a private equity firm. Apax Partners Worldwide - which owns Tommy Hilfiger – is reportedly considering an investment into the German brand.
The takeover rumor follows the announcement last week that PPR is making a $7.2 billion bid for Puma.
Blacks’s Take: Any cash injection into Adidas should first be focused on helping the company integrate its 2005 buy of Reebok.
Posted by Blacks on April 19, 2007 09:20 AM
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