Reebok has acquired approximately 92% of the outstanding shares of Montreal-based The Hockey Company Holdings for Canadian $21.25 in cash per share under the tender offer Reebok made on April 22, 2004. Reebok has obtained all regulatory approvals needed in order to consummate the acquisition. Reebok's tender offer will remain open until 5:00 p.m. (Montreal time) on June 18, 2004, and Reebok intends to complete the acquisition and pay for all tendered shares on June 22, 2004. Reebok also plans to exercise its rights to acquire all shares that are not tendered.
Paul Fireman, Chairman and Chief Executive Officer, Reebok International said, “Our acquisition of The Hockey Company is an excellent strategic fit for Reebok. The Hockey Company's primary brands, CCM, JOFA and KOHO, are among the most highly recognized and respected performance brands in the world of hockey. We welcome The Hockey Company and its employees to the Reebok family.”