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Last Updated: Wednesday, 18 April 2007, 11:53 GMT 12:53 UK
Adidas shares bounce on bid talk
David Beckham

Adidas shares have continued to rise on speculation that a private equity firm could be about to buy a large stake in the sportswear firm.

Reports have suggested that Apax Partners could acquire up to 25% of the German firm's shares, although neither Apax nor Adidas have commented on this.

Sportswear firms have been under scrutiny since Puma agreed a $7.1bn (3.5bn; 5.3bn euros) buyout in April.

Adidas shares gained as much as 2.4% on Wednesday, on top of Tuesday's 3% rise.

One analyst said it was conceivable that a private equity firm could buy into Adidas, given previous deals in the sector.

PPR, which owns Gucci, agreed to buy a 27% stake in Puma, paving the way for a full takeover.

Adidas, itself, bought Reebok for $3.8bn in 2005.

Gucci-firm PPR buys stake in Puma
10 Apr 07 |  Business
Adidas cries foul over Nike bid
06 Feb 07 |  Business

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