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Bloomberg first reported: Adidas Rises on Speculation About Bid by Nike, Asics
Dec. 3 11.44PM EST -- Adidas AG, the world's second-largest sporting-goods maker, rose in Frankfurt trading on speculation Nike Inc. and Asics Corp. may make a takeover bid.
Adidas shares rose 68 cents, or 1.5 percent, to 46.15 euros. The gain was the biggest since Nov. 28.
``It is very unlikely that market rumors about a joint bid from Nike and Asics are true,'' said Martina Noss, an analyst at Norddeutsche Landesbank in Hanover. ``The result would be a giant with almost no more competitors.''
Spokeswoman Anne Putz said Herzogenaurach, Germany-based based Adidas does not comment on speculation.
Latest from Reuters: Asics says has not considered acquisition of Adidas
Dec 4 3.44AM EST - Japan's sports shoe maker Asics Corp (7936.T: Quote, Profile, Research) said on Tuesday it has not considered acquiring Adidas (ADSG.DE: Quote, Profile, Research) together with U.S. group Nike (NKE.N: Quote, Profile, Research), after shares in the German company rose on market talk of a possible bid.
On Monday, shares in Adidas rose more than 2 percent as traders cited talk that Nike and Asics were interested in the group, although one trader doubted Nike would make a bid. [ID:nL0323704]
"There are some media reports on speculation among market participants that we have begun an acquisition of Adidas with Nike, but this is not something we announced," Asics said after the close of the Tokyo stock market. "We have not considered it."
Shares of Asics closed 2.2 percent higher at 1,650 yen, outperforming a 1.1 percent fall of TOPIX index, while shares in Adidas traded down 0.13 percent at 46.09 euros as of 0816 GMT.
The most recent media report is from JustStyle: Asics scotches Adidas bid rumours
Japanese sports shoe specialist Asics has distanced itself from reports that it is preparing a joint bid with Nike for Germany's Adidas. ...
well... you can take it from me.... look outside your window and see if the moon is bright blue. If it is, ASICS might consider a joint venture with Nike. If it is not.. it will never... ever happen.
And it is laughable to even consider that adidas might be for sale.. they are a very heathly, vibrant brand who recently spent USD 2 billion aquiring Reebok.
Unless it was a very hostile takover.. they would never sell to Nike.. no need.. no desire.
And as for ASICS. why the hell would we do that???
CNN are reporting: Adidas CEO Hainer calls rumours that Asics, Nike may make bid 'utter nonsense'
December 06, 2007: 04:38 AM EST
Adidas AG chief executive Herbert Hainer described recent rumours that rivals Asics and Nike Inc may be considering a joint takeover bid for the German sporting equipment manufacturer as 'utter nonsense'.
Shares in Adidas rose Dec 3 on vague rumours that Asics and Nike might be mulling a 15.28 bln eur bid for Adidas.
A trader had described the speculation as a 'rehashed older rumour' at the time.
Hainer also told journalists late yesterday in Munich that the integration of the Reebok acquisition is now well under way after it was initially 'more difficult that we had imagined'.
The projected cost synergies are progressing according to plan and the focus is now on 'revitalising the brand', he said and added that Reebok sales should rise next year.