Nike, Inc. has completed the acquisition of Converse, Inc. Under the final terms of the transaction, originally announced on July 9, 2003, Nike Inc. purchased 100 percent of the equity shares for approximately $305 million.
“Converse is a positive addition to the Nike, Inc. portfolio,” said Philip H. Knight, Chairman, CEO and President of Nike, Inc. “I am confident we will build a great partnership that will allow Converse to continue to excel in the management of its brand and business. For Nike, this is yet another milestone in building our portfolio through multiple brands and helps position us for continued growth.”*
