On January 31, 2006, adidas-Salomon AG, one of the global leaders within the sporting goods industry, completed its acquisition of the outstanding shares of Reebok International Ltd. for US$59 per share in cash. The transaction value is approximately €3.1 billion (US$3.8 billion) including the assumption of net cash of €¬69 million (US$84 million).
Adidas' general counsel Frank Dassler retained Simpson Thacher & Bartlett LLP for corporate and competition advice in the US and the UK. The Simpson Thacher team was led by Kevin Arquit and Aimee Goldstein, who were assisted by Michael Naughton, Tim Cornell and Ketan Jhaveri in New York; and David Vann was assisted by Reynelle Brown and Jonathan Parker in London. Peter Glossop and Kevin Ackhurst from Osler, Hoskin & Harcourt LLP in Toronto secured Competition Act clearance in Canada.
Reebok's general counsel David Pace retained Latham & Watkins LLP for competition advice. The Latham & Watkins team consisted of Thomas Rosch and Daniel Wall, who were assisted by Kyle Andeer and Hanno Kaiser in San Francisco, and Andreas Weitbrecht, who was assisted by John Colahan in the EU. Yves Comtois and Yves Bériault of McCarthy Tétrault LLP's Montreal office advised Reebok on Canadian competition matters.
Adidas' general counsel Frank Dassler retained Simpson Thacher & Bartlett LLP for corporate and competition advice in the US and the UK. The Simpson Thacher team was led by Kevin Arquit and Aimee Goldstein, who were assisted by Michael Naughton, Tim Cornell and Ketan Jhaveri in New York; and David Vann was assisted by Reynelle Brown and Jonathan Parker in London. Peter Glossop and Kevin Ackhurst from Osler, Hoskin & Harcourt LLP in Toronto secured Competition Act clearance in Canada.
Reebok's general counsel David Pace retained Latham & Watkins LLP for competition advice. The Latham & Watkins team consisted of Thomas Rosch and Daniel Wall, who were assisted by Kyle Andeer and Hanno Kaiser in San Francisco, and Andreas Weitbrecht, who was assisted by John Colahan in the EU. Yves Comtois and Yves Bériault of McCarthy Tétrault LLP's Montreal office advised Reebok on Canadian competition matters.
