Adidas to Repurchase Shares for Up to $1.14 Billion in 1Q
10 January 2022 - 7:28PM
Dow Jones News
By Kim Richters
Adidas AG said Monday that it will buy back its own shares for
up to 1 billion euros ($1.14 billion) in the first quarter of the
year as part of a previously announced buyback program.
The German sporting-goods major said it plans to cancel most of
the shares repurchased during the program as it did with previous
share buybacks.
In December, Adidas said it will buy back shares of up to EUR4
billion until 2025.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
January 10, 2022 03:13 ET (08:13 GMT)
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