Herzogenaurach, Germany, January 24, 2006 – adidas-Salomon AG (DAX: ADSG.DE) today announced that the European Commission has unconditionally cleared its proposed acquisition of Reebok International Ltd. (NYSE: RBK). No other anti-trust approvals are required to complete the transaction.
“We are excited to have reached this important milestone,” said adidas-Salomon AG Chairman and CEO Herbert Hainer. “We now expect that the transaction will close shortly, following approval of Reebok’s shareholders. To help ensure we hit the ground running on day one, our two companies have jointly developed an integration plan that leverages the talents and expertise of both companies, which we will implement as soon as the transaction closes. We look forward to quickly realizing the many benefits afforded by our combination with Reebok.”
Reebok will hold a Special Meeting of Shareholders to approve the transaction on Wednesday, January 25, 2006. The transaction could close as early as January 31, 2006.
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