Reebok’s Biggest Holder to Sell Stake: Reebok...
From Times Staff and Wire Service Reports
Reebok’s Biggest Holder to Sell Stake: Reebok International Ltd. said its major shareholder, Pentland Group PLC, plans to sell its 31.5% stake in the sneaker and sportswear company. While Canton, Mass.-based Reebok gave no reason for the move by Pentland, a British company with diversified holdings, it immediately began erecting a series of defensive measures to protect itself against takeovers. The second-biggest chunk of Reebok stock is owned by Chairman and Chief Executive Paul Fireman and his wife Phyllis, who together control 14.5%.
