Word: reebok
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Dates: during 2000-2009
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...complaint said that former Goldman Sachs analysts Plotkin and Pajcin hired Shpigelman to leak information about six mergers or acquisitions that Merrill Lynch was overseeing, including those between Proctor & Gamble and Gillette, Duke Energy and Cinergy, and Reebok and Adidas. According to the complaint, Shpigelman received cash and pledges for a share in profits...
...gentleman’s club.” Mikhail Plotkin, Eugene’s father who reportedly acted on stock tips he received from his son, has also been indicted. Plotkin and Pajcin were eventually caught when the tremendous windfall they reaped from purchasing Reebok shares on insider information sparked the interest of government investigators, according to the New York Times. When Shuster was fired from the plant, the analysts hired Juan Renteria to replace him and do the same work, according to the complaint. According to the complaint, Plotkin and Pajcin also obtained confidential information from Stanislov Shpigelman...
Although the Tunit should help Adidas, some investors fear that getting a much larger shoe to fit could distract the company from pressing the advantage in soccer: its $3.8 billion purchase of Reebok, the struggling Canton, Mass., sporting-goods company. Although the merger helps Adidas gain market share and nudge closer to Nike overall, right now it's a drag on earnings: Reebok's orders declined 22% in the fourth quarter of 2005 owing to weak products and anxiety about Adidas' strategy for the brand. "Mind boggling," says John Shanley, an analyst at Susquehanna Financial Group...
...Turning Reebok (2005 sales: $3.8 billion) around is a daunting task, one that some feel Adidas shouldn't have taken on. "Reebok is a brand you can probably develop, but it's going to cost time, and it's going to cost money," says Joerg-Philipp Frey, an analyst at Bank Sal. Oppenheim in Frankfurt. "Why should Adidas have to do that? They're better off concentrating on their own brand." To Adidas' Stamminger, two brands offer more leverage than one. Reebok also gives Adidas another weapon that Nike has to fend off. "There's a potential in this market...
...Reebok has already scored for Adidas in soccer. In April the company signed French superstar Thierry Henry, a veteran Nike pitchman, to an endorsement deal...