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On February 5, 2002, the Company acquired 100% of Marconi Data Systems, formerly known as Videojet Technologies (âVideojetâ), from Marconi plc in a stock acquisition, for approximately $400 million in cash including transaction costs.
Salomon group was acquired by Adidas in 1997. Converse was acquired by Nike in 2003; the hockey company was acquired by reebok in 2004. (Kiley, 2005) On august 3, 2005 Adidas-Salomon AG declared its strategies of acquiring reebok international Ltd for $3.8 billion. Just after the declaration reebok stock rose 30% while Adidas moved up by 7%.