Adidas Reebok waiting period over

The planned review by US competition authorities of the Adidas-Salomon takeover of rival US-based company Reebok has now completed the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. In August Adidas-Salomon and Reebok's directors approved a deal under which Adidas-Salomon would acquire all of the outstanding shares of Reebok for about €3.1 billion. The companies believe that the transaction will close in the first half of 2006.