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Then, Nike will still be a hard to beat opponents. The merger move "foot" severity. Some people think that can withstand even the most picky Reebok question with Adidas announced the two companies merged. German company Adidas has agreed to 3.1 billion euros (about 3.78 billion US dollars) it means that the price of $ 59 per share to buy Reebok, the price before the deal was announced one day beyond Reebok's closing price of $ --43.95. The total market capitalization of about Adidas $ 8.4 billion last year on sales of $ 8.1 billion, net income of $ 423 million, while Reebok sal cheap foamposites es of $ 4 billion last year, net profit of $ 209 million. growing shadow The combined purpose is very clear. Adidas and Reebok in the market were ranked second and third place, while the first one is Nike, the two companies agreed that the best way to compete with Nike is together. especially in Europe, Nike's shadow covering the range more widely. Last year, the US company for the first time in soccer footwear market than Adidas - Adidas, it's just as Toyota's sales in the United States over the same Ford. In the United States, Nike firmly adheres to the throne. According to the International Sporting Goods Manufacturers Association of Health, in 2004, Nike sports shoes marke Cheap air jordan 12 taxi for sale online free shipping t share of 36%, while Adidas's market share of only 8.9%, Reebok is 12.2%. The United States has the world's largest sports shoe market size, accounting for an annual $ 33 billion global athletic footwear almost half. rising stock "North America is that you have to occupy the market," Adidas CEO Herbert? Heiner said. "We want to expand our territory, especially in North America, we want to build a broader range of territory of goods and services, as more consumer services." Once said Hainer, Adidas To sit tight global market leader position, while it is clear that this goal has been achieved, except in the US market. investors seem willing to believe that the combined company can create a strong impact on Nike. After the merger announcement, Reebok's closing share price of $ 13.19, up by 30 percent, to $ 57.14 per share. Adidas closing stock price rose 7 percent to $ 192.96 per share. natural fit "These are two top brands, each extraordinary strength, they will have to find a way to maximize their potential," president of marketing campaign Radiate Group Steve? labor Towers said. The two companies said they have convinced the merger will save operating costs by up to $ 150 million per year. But Adidas acquired the real test of success is a portfolio company management, new product development and marketing to optimize and to what extent, if allows the formation of the two brands complement each other rather than duplicate operations. According to the analyst, said Adidas is likely to focus on high-end athletic footwear market, Reebok focuses on mid-priced market. Radiate sports marketing group president Steve? Labor-tower think Reebok will continue to maintain the same NBA apparel license agreement, Adidas will sell high-end products in the Reebok brand value higher than field. acquisition of Reebok to Adidas also adds a vital asset that can enhance the brand by virtue of its influence in the emerging markets, especially in the fashion market in Asia - such as China, South Korea and Malaysia. Reebok has meant Adidas Adidas itself does not need to extend the brand to distant China, in China, with Yao Ming Reebok has greatly enhanced the brand influence. Although Nike does not like its competitors, as do many direct marketing activities in urban markets, but in the minds of the piece of consumer groups has always played a very important role. With Michael? Jordan and Tiger have? Woods, Nike has become a long-term contract makes urban consumers and young minds Sporty top brand. legitimate Reebok and Adidas around the rap star to expand product lines and marketing activities of the time, yet the tentacles stretch Nike hip-hop world, and in which, while not occupy a very large but very effective piece of the market.