Adidas shares jump on report of bid for Reebok unit
Jynwel Capital, a Hong Kong-based private equity investment and advisory firm run by Jho Low, and the Abu Dhabi government-affiliated funds planned to make the offer imminently in a letter to ADIDAS (ADS.XE)directors, the Journal reported, citing unnamed sources close to the matter.
Adidas declined to comment.
(Reporting by Emma Thomasson; Editing by Christoph Steitz)