Menu
Sponsorships Advertising Marketing

CONVERSE FORMALLY ANNOUNCES ITS INTENTION TO BUY APEX ONE

     Converse said yesterday it would buy Apex One at a cost of
$51M.  Converse, the MA-based manufacturer of athletic shoes,
will issue $11M of notes to Apex investors and 1.75 million
warrants for the right to purchase shares of Converse at $11.40 a
share over five years.  Converse would also take over about $20M
of Apex's existing debt (DOW JONES NEWS SERVICE/N.Y. TIMES,
5/10).
     REEBOK RECONSIDERS SITE:  Faced with a "few vocal opponents"
as well as "other challenges with the site," Reebok International
will "defer for at least 60 days" discussions on whether to buy
the 200-acre spot in Dedham, MA, for their new corporate offices.
The site was purchased last year for use as open space, and state
and local officials have warned the company that it faces a
political and public relations "battle" if it insisted on buying
the land (Jerry Ackerman, BOSTON GLOBE, 5/9).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1995/05/10/Sponsorships-Advertising-Marketing/CONVERSE-FORMALLY-ANNOUNCES-ITS-INTENTION-TO-BUY-APEX-ONE.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1995/05/10/Sponsorships-Advertising-Marketing/CONVERSE-FORMALLY-ANNOUNCES-ITS-INTENTION-TO-BUY-APEX-ONE.aspx

CLOSE