NIKE TO BUY CONVERSE
By Adnews Staff
Nike of Beaverton, OR has entered an agreement to acquire Converse of North Andover, MA for US$305 million. The purchase is subject to regulatory review. Nike designs and markets athletic footwear, apparel, equipment and accessories. Its wholly-owned subsidiaries include Cole Haan, Hurley International and Bauer Nike Hockey. Converse also designs, distributes and markets athletic footwear and apparel. Its products include the Chuck Taylor All Star, Jack Purcell and One Star shoe lines.
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