Herbert Hainer

The adidas Group and Adams Golf today announced that the TaylorMade-adidas Golf business segment has entered into a definitive agreement to acquire all of the outstanding shares of Adams Golf for $10.80 per share in cash. The transaction value is approximately $70 million, which represents a premium of approximately 71 percent to the share price prior to Adams Golf's announcement that it was examining strategic alternatives on January 4, 2012.

China, get your game on: Adidas is bringing "Linsanity" to you very soon. The German sports apparel company plans to roll out the New York Knicks’ phenom's jersey across its network of 6,700 stores in China and expects they'll be a hot-selling item, Adidas CEO Herbert Hainer said.