|Bid||261.15 x 37900|
|Ask||261.20 x 75600|
|Day's range||259.20 - 261.80|
|52-week range||189.40 - 306.80|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||118.13|
|Earnings date||07 May 2021|
|Forward dividend & yield||3.00 (1.15%)|
|Ex-dividend date||13 May 2021|
|1y target est||200.14|
Sporting goods maker Adidas has launched the sale of its Reebok brand in an auction which risks being affected by a political row over possible forced labour in China's western Xinjiang region, three sources told Reuters. Adidas bought the U.S. fitness label for $3.8 billion in 2006 to help compete with arch-rival Nike, but its sluggish performance led to repeated calls from investors to dispose of the brand, which is now expected to fetch only around 1 billion euros ($1.2 billion). Adidas has asked for first round bids to be submitted next week and is expecting China's Anta Sports and Li Ning to hand in offers, with Korea's Fila and U.S.-based Wolverine also seen as possible bidders, the sources, who are all familiar with the situation, said.
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