Simpson Thacher leads Adidas acquisition of Reebok

Six firms have secured roles on Adidas’ EUR3.1bn ($3.8bn) acquisition of US rival Reebok.

Adidas will pay $59 cash for each Reebok share, a 34.2 per cent premium on the pre-announcement price.

Simpson Thacher & Bartlett led the Adidas legal team with support from Beiten Burkhardt, Eversheds and Wilmer Cutler Pickering Hale and Dorr. Ropes & Gray and Latham & Watkins represented Reebok.