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Article: Bid for Adidas stake. (president Rene Jaeggi bids for Bernard Tapie's 55% interest) (Brief Article)
- Article from:
- Daily News Record
- Article date:
- June 29, 1992
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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A group of investors led by Rene Jaeggi, president of Adidas, has made a bid for Bernard Tapie's 55 percent stake in Adidas. The group reportedly values the entire German athletic footwear and apparel company at 1 billion deutsche marks ($653.59 million).
Jaeggi could not be reached for comment, but in a statement issued by Adidas he confirmed an international investor group, arranged by Botts & Co. Ltd., has bid for Tapie's Adidas holding. The offer ...