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Investors Plan $2.2 Billion Bid for Adidas’s Reebok, WSJ Reports

A group of investors are planning to bid about 1.7 billion euros ($2.2 billion) for Adidas AG’s Reebok unit, the Wall Street Journal said, citing people familiar with the matter.

Jynwel Capital, a Hong Kong-based private-equity investor, and funds affiliated with the government of Abu Dhabi plan to make an offer to Adidas’s directors “imminently,” the report said. It isn’t clear how the sporting-goods company will respond, the Journal said.