Nike said to be seeking sports equipment buy

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Nike is said to be shopping for possible acquisitions that could help its entry into the sports equipment market. Sports marketing executives say Nike has been eyeing Rawlings Sporting Goods Co. for at least a year. "We do not comment on takeover rumors," said Paul Martin, Rawlings' chief financial officer. A spokesman for Nike's equipment division also wouldn't comment.

Copyright June 1998, Crain Communications Inc.

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