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Article: Bid made for Tapie's 55% stake in Adidas. (Bernard Tapie) (Brief Article)
- Article from:
- WWD
- Article date:
- June 29, 1992
- Author:
CopyrightCOPYRIGHT 1992 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON (FNS) -- A group of investors led by Rene Jaeggi, president of Adidas, has made a bid for the 55 percent stake in Adidas held by French businessman Bernard Tapie.
The bid, according to reports in the French press, values the entire German athletic footwear and apparel company at 1 billion marks ($649.6 million).
However, that figure could not be confirmed.
Jaeggi could not be reached for comment. However, in a statement issued by Adidas on Friday, he confirmed an international investor group arranged by Botts & Co. Ltd., has bid for Tapie's Adidas holding.
The offer expires on Tuesday, the day of the annual shareholders ...