Nike 2003 Annual Report Download - page 63

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NIKE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
revenues derived from Foot Locker, Inc. represented 11% and 12%, respectively of the Company’s consolidated
revenues. Sales to this customer are included in all segments of the Company participating in NIKE brand sales
activity.
Note 18—Subsequent Event
On July 9, 2003, the Company entered into an agreement to purchase all of the equity shares of Converse
Inc., a widely recognized footwear company based in Massachusetts, for $305 million cash. Closing of the
transaction is subject to regulatory review, including U.S. government review under the Hart-Scott-Rodino
Premerger Notification Act.
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