Green light for Adidas-Salomon

German sporting goods group Adidas-Salomon has announced that the obligatory waiting period to take over US-based Reebok has come to an end. The company says it does not expect any further reviews by US competition authorities to take place. In August of this year, Adidas-Salomon and Reebok came to an agreement under which Adidas-Salomon would purchase all outstanding shares of Reebok for approximately €3.1 billion (£2.10 billion).

After the official waiting period, the companies expect the transaction to be completed by the end of the first half of 2006. In 2004 Adidas-Salomon reported sales of €5.9 billion, while Reebok recorded sales of $3.8 billion. Adidas-Salomon is the second largest sporting goods company in the world.