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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 5.709+2.9%Dec 31 3:59 PM EST

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To: Glenn Petersen who wrote (464)11/14/2004 7:44:12 PM
From: richardred  Read Replies (1) of 7254
 
We've talked about the failures, but I have to agree with this analyst on NKE future plans. When a big leading player is out there with the cash. I'm paying attention.

Nike spokesman Scott Reames said the company is always assessing potential opportunities, but he declined to discuss specifics of its acquisition strategy.

However, Horan said Nike has talked with Burton and Patagonia about buying the brands that target young shoppers in the hip-fashion and specialty outdoor clothing markets.

"The Converse acquisition will definitely lead to more acquisitions, if nothing else because this is the way you grow," he said.
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