Adidas shares, which are down 41% this year after a series of profit warnings, traded up 4.4% by 6.37am EDT on Monday.
Warburg Research analyst Joerg Philipp Frey said the reported offer represents a 30% premium to the company's valuation, based on earnings multiples.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
