Financier to detail Adidas takeover bid. (Bernard Tapie)

Daily News Record, July, 1990 by Tosh, Mark

FINANCIER TO DETAIL ADIDAS TAKEOVER BID

PARIS (FNS) -- Bernard Tapie Finance (BTF), the investment company that the French financier is using in his bid to acquire 80 percent of Adidas AG, says it will reveal its plan for financing the acquisition, as well as the names of its backers, on Monday.

Adidas and Bernard Tapie said they had agreed on a deal that would turn over 80 percent of the West German-based sports shoe and apparel company to the French investor.

Doubts have surfaced since about Tapie's ability to pay for the acquisition, which published reports have estimated at costing between $357 million and $606 million.

Tapie's company issued its statement after the French stock exchange halted trading in Bernard Tapie Finance as...

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