Pacific Northwest After more than 30 years of outfitting Olympic athletes in clothing with its three-stripe logo, Adidas-Salomon is replacing...
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No stripes to show at 2006 Olympics
After more than 30 years of outfitting Olympic athletes in clothing with its three-stripe logo, Adidas-Salomon is replacing the trademark for the 2006 Winter Olympics.
The German company will introduce a new design, resembling a chain made up of horizontal 3s, because of size restrictions on the display of corporate logos.
The design will run down shirt sleeves and pants legs for the Olympic Games in Turin, Italy. But it is not considered a corporate trademark like the Adidas stripes or the Nike swoosh so it does not have to adhere to the 20 square-centimeter size restriction on such logos.
Adidas, which has its U.S. headquarters in Portland, hopes to find a better solution after the Turin Olympics, said company spokesman Jan Runau.
The switch is a small victory for Beaverton, Ore.-based Nike and other sportswear manufacturers that have complained to the International Olympic Committee and sports-governing bodies for not enforcing corporate logo-size restrictions on Adidas.
Nation / World
Rejection urged for takeover offer
Six Flags, the world’s second-largest theme-park operator, urged shareholders to reject an offer by Washington Redskins owner Daniel Snyder to boost his stake and said it had received other takeover offers.
Bids have come from “a number of capable strategic and financial buyers,” and a deal may be announced next month, New York-based Six Flags said in a statement Friday. It didn’t name them. The company may fetch as much as $838 million in a sale.
Snyder, the company’s largest shareholder, seeks to take control of Six Flags without paying “full value,” the company said.
Snyder offered $6.50 a share, or $140.4 million, to almost triple his stake to about 35 percent. His Red Zone owns 12 percent of Six Flags.
Bill Gates, through Cascade Investments, owns 11 percent of Six Flags.
Red Zone spokesman Karl Swanson didn’t immediately respond Friday to a message for comment.
Attendance at Six Flags declined 3.4 percent in 2004 to 33.5 million, but the company’s theme parks increased attendance 5.6 percent to 30.1 million this year through September.
Six Flags owns Enchanted Village and Wild Waves in Federal Way.
Compiled from Seattle Times business staff, The Associated Press, Bloomberg News and Reuters