German sporting goods company Adidas-Salomon said today it has closed its acquisition of US rival Reebok International.
On January 25th, Reebok shareholders approved Adidas-Salomon's takeover in a $3.8 billion deal for $59 per share in cash.
Adidas said today that Paul Fireman will step down as chief executive of Reebok and will serve as an adviser to Herbert Hainer, chairman and CEO of Adidas-Salomon.
