NIKE acquired Canstar Sports Inc. (Bauer) for approximately $407 million (US$19.88 per share for 20,470,991 shares, all-cash), a transaction completed in February 1995, structured as all-cash. The deal was a Tender offer.
Canstar Sports Inc. (Bauer) operates in Hockey and sporting-goods equipment (Bauer). Nike acquired Canstar Sports, parent of Bauer, the leading maker of ice hockey skates and equipment, extending Nike into hockey and performance sporting-goods hardware.
Expand Nike into hockey equipment through the Bauer brand.
Advisory firms were not disclosed for this transaction.