Adidas Buys Back Shares As Business Slows

The JournalMarch 10, 2005

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Summary


Sportswear maker Adidas is planning to go on a share buyback spree as growth in its business slows.

The German company, which provides kit to football clubs including Newcastle United, Real Madrid and AC Milan, will buy back up to e515m (pounds 358m) of stock in its first ever buyback.

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Extract


Adidas Buys Back Shares As Business Slows

The company said yesterday it will purc...

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