SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 31, 1995
NIKE, INC.
(Exact name of registrant as specified in its charter)
Oregon 1-10635 93-0584541
(State of incorporation) (Commission File (IRS Employer
Number) Identification No.)
One Bowerman Drive, Beaverton, Oregon 97005-6453
(Address of principal executive offices) (Zip Code)
(503) 671-6453
(Registrant's telephone number, including area code)
Item 5. OTHER EVENTS
The Registrant issued the following press release on January 31,
1995
BEAVERTON, OR -- January 31, 1995 -- NIKE, Inc. (NYSE: NKE)
reported that the Canadian Bureau of Competition Policy
issued an Advance Ruling Certificate to NIKE declining to
oppose the Company's proposed acquisition of Canstar Sports,
Inc. Under Canadian law, the Director of the Bureau is now
precluded from challenging the acquisition on antitrust
grounds under the Canadian Competition Act.
NIKE noted that the Investment Canada agency's review of the
proposed transaction is proceeding and that a decision
regarding approval of the acquisition is expected over the
next several days.
NIKE has also been notified that the U.S. Federal Trade
Commission has terminated its review of the acquisition
under
the Hart-Scott-Rodino Antitrust Improvements Act. NIKE may
now proceed with the acquisition under U.S. antitrust laws.
As previously announced, NIKE commenced its tender offer,
effective January 6, 1995, to acquire all of the outstanding
common shares of Canstar at the price of Canadian $27.50 per
share. The NIKE tender offer will be open for acceptance
until 4:30 p.m. Vancouver time on February 9, 1995 unless
withdrawn or extended. The offer is subject to NIKE
acquiring at least 80 percent of all the outstanding Canstar
shares, and to regulatory approvals and other customary
conditions.
NIKE had previously entered into an agreement on December
14,
1994, with the principal shareholders of Canstar, including
companies owned or controlled by Canstar Chairman Icaro
Olivieri, who together own approximately 46 percent of
Canstar's outstanding shares, to acquire those shares at the
same price of Canadian $27.50 per share.
Canstar manufactures and distributes ice skates under the
Bauer, Micron, Mega, Daoust and Lange brand names; in-line
roller skates and protective gear under the Bauer brand
name;
Cooper and Flak hockey protective equipment; Cooper and
Bauer
hockey sticks; Bauer hockey jerseys and accessories; and
Tuuk, ICM and John Wilson skate blades. Canstar also offers
a full selection of products for street, roller and field
hockey. Canstar Sports Inc. is listed on The Toronto Stock
Exchange and The Montreal Exchange (HKY), and are quoted on
the NASDAQ national market (HKYIF) in the U.S.
NIKE, Inc., based in Beaverton, Oregon, is the world's
leading designer and marketer of authentic athletic
footwear,
apparel and accessories for a wide variety of sports and
fitness activities. The company also markets a line of
high-
quality men's and women's dress and casual shoes through its
Cole Haan subsidiary based in Yarmouth, Maine and a full
range of licensed headwear through its Sports Specialties
subsidiary based in Irvine, California. Total revenues for
the trailing twelve months ended November 30, 1994, were
$4.1
billion.
SIGNATURES
Pursuant to the requirements of the Securities and
Exchange Act of 1934, the Registrant has duly caused this
report to be signed on the behalf of the undersigned thereto
duly authorized.
NIKE, Inc.
An Oregon Corporation
By: /s/ Robert S. Falcone
_______________________
Vice President, Chief
Financial Officer
