Adidas Completes Share Buybacks after Reebok Sale
The Big a said it has finished the €1.5 billion share repurchase program that began in Mar. when the sales of Reebok to Authentic Brands Group closed. It bought back 8,978,138 shares at an average price of €167.07, effectively distributing the value of the windfall to shareholders by reducing the float. Adidas’ ‘Own the Game’ strategy calls for an aggressive ... Log in to view full article.
