Case Study Adidas Reebok Merger

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81\tx4118\tx6351\tx7004\tx8980\tx9931\tx10425 \up0 \expndtw-8\charscalex100 "c
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calex100 "'3 c\tab \up0 \expndtw-8\charscalex100 c\tab \up0 \expndtw-8\charscale
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rd\li1439\sb4\sl-276\slmult0\fi643\tx2433\tx3297\tx3960\tx4579 \up0 \expndtw-8\c
harscalex100 c\tab \up0 \expndtw-8\charscalex100 "\tab \up0 \expndtw-8\charscale
x100 " c\tab \up0 \expndtw-8\charscalex100 !c\tab \up0 \expndtw-8\charscalex100
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fi369\tx2510\tx3672\tx3960\tx4411\tx4963\tx5702\tx5981\tx7037\tx8750\tx9523\tx10
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dtw-8\charscalex100 c\tab \up0 \expndtw-8\charscalex100 ## FcG\tab \up0 \expnd
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arscalex100 c% c\tab \up0 \expndtw-8\charscalex100 c#\tab \up0 \expndtw-8\chars
calex100 = c\tab \up0 \expndtw-8\charscalex100 " " c c\tab \up0 \expndtw-8\c
harscalex100 #'\tab \up0 \expndtw-8\charscalex100 c\par\pard\li1439\sb3\sl-276\s
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b8\sl-276\slmult0\fi796\tx2980\tx3705\tx4272\tx4723\tx5208\tx6014\tx6552\tx7334\
tx8664\tx9537\tx10267 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf2\f3\fs24
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ndtw-2\charscalex100 " c\tab \up0 \expndtw-2\charscalex100 c "\tab \up0 \expndtw
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arscalex100 #\tab \up0 \expndtw-2\charscalex100 "c\tab \up0 \expndtw-2\charscale
x100 c\tab \up0 \expndtw-10\charscalex80 c4:&7c\tab \up0 \expndtw-2\charscalex10
0 ## "c "c\par\pard\li1439\sb0\sl-273\slmult0\fi0\tx2774\tx3388\tx3734\tx6336\t
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c "c/--.c c4.-0c\tab \up0 \expndtw-10\char
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scalex100 !c\tab \up0 \expndtw-2\charscalex100 +\tab \up0 \expndtw-2\charscalex1
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}
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}
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c4..-c\tab \up0 \expndtw-4\charscalex100 ## "&c\tab \up0 \expndtw-4\charscal
ex100 c\tab \up0 \expndtw-4\charscalex100 c% c\tab \up0 \expndtw-4\charscalex1
00 c 'c\tab \up0 \expndtw-4\charscalex100 c "\tab \up0 \expndtw-4\charscalex100
" c\tab \up0 \expndtw-4\charscalex100 "c\par\pard\li1439\sb0\sl-274\slmult0\fi10
5\tx2169\tx3859 \up0 \expndtw-4\charscalex100 " c\tab \up0 \expndtw-4\charscalex
100 % c "c c "\tab \up0 \expndtw-4\charscalex100 '&c\par\pard\li1439\sb0\sl-2
76\slmult0\par\pard\li1439\sb6\sl-276\slmult0\fi369\tx2179\tx2611\tx4181\tx4608\
tx5851\tx6730\tx6998\tx7583\tx8438\tx8861\tx9211\tx9581\tx10185 \up0 \expndtw-4\
charscalex100 c\tab \up0 \expndtw-4\charscalex100 c\tab \up0 \expndtw-4\charscal
ex100 ! c c c#\tab \up0 \expndtw-4\charscalex100 c\tab \up0 \expndtw-4\chars
calex100 ! c c\tab \up0 \expndtw-4\charscalex100 " c\tab \up0 \expndtw0\chars
calex50 &c\tab \up0 \expndtw-4\charscalex100 ;\tab \up0 \expndtw-4\charscalex100
c\tab \up0 \expndtw-4\charscalex100 c\tab \up0 \expndtw-4\charscalex100 c\tab \
up0 \expndtw-4\charscalex100 c\tab \up0 \expndtw-4\charscalex100 c\tab \up0 \exp
ndtw-4\charscalex100 " c\par\pard\li1439\sb2\sl-276\slmult0\fi575\tx2443\tx3556\
tx4545\tx5414\tx6067\tx7171\tx9979\tx10435\tx10723 \up0 \expndtw-4\charscalex100
c\tab \up0 \expndtw-4\charscalex100 ! c% ##c\tab \up0 \expndtw-4\charscalex100
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% "c/--7c " c/--5c c\tab \up0 \expndtw-10\charscalex90 c c=\tab \up0 \expndtw
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4\slmult0\fi196\tx2304\tx3393\tx5371\tx5981\tx7742\tx8165\tx9633\tx10037 \up0 \e
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c\tab \up0 \expndtw-4\charscalex100 c..8c c c\tab \up0 \expndtw-4\charscalex
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calex100 c " c "\tab \up0 \expndtw-4\charscalex100 c\tab \up0 \expndtw-4\charsc
alex100 =
c " c\tab \up0 \expndtw-4\charscalex100 c "c\par\pard\li1439\sb0\sl
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charscalex100 # 'c " c\tab \up0 \expndtw-4\charscalex100 "&c "c/--7)c7-8c c
c "\tab \up0 \expndtw-4\charscalex100 c c\tab \up0 \expndtw-4\charscalex100 c
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\charscalex100 c " c "" " c\tab \up0 \expndtw-4\charscalex100 c% c "\tab \u
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\charscalex100 c\par\pard\li1439\sb0\sl-274\slmult0\fi969\tx3969\tx4670\tx5218\t
x5544\tx6408\tx6777\tx8769\tx10349 \up0 \expndtw-4\charscalex100 &c "c/--7)c\tab
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expndtw-4\charscalex100 #c\tab \up0 \expndtw-4\charscalex100 # c "c\tab \up0 \e
xpndtw-4\charscalex100 c\tab \up0 \expndtw-4\charscalex100 c% c%
c4.5&5c\ta
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8020\tx10305 \up0 \expndtw-4\charscalex100 % c4.6c\tab \up0 \expndtw-4\charsca
lex100 ## "c "c/--.&c\tab \up0 \expndtw-4\charscalex100 #\tab \up0 \expndtw-4\c
harscalex100 c\tab \up0 \expndtw-4\charscalex100 % c\tab \up0 \expndtw-4\chars
calex100 #c\tab \up0 \expndtw-10\charscalex96 # c% c4:E&7c\tab \up0 \expndtw4\charscalex100 ## "c "c/--7)c\tab \up0 \expndtw-4\charscalex100 c% c\par\par
d\li1439\sb0\sl-274\slmult0\fi0\tx2227 \up0 \expndtw-10\charscalex86 4:0&>c\tab
\up0 \expndtw-4\charscalex100 ## "c "c/--.&&&c\par\pard\li1439\sb278\sl-368\slm
ult0\fi619\tx3475 \up0 \expndtw0\charscalex92 \ul0\nosupersub\cf4\f5\fs32 c\tab
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\sb8\sl-276\slmult0\fi772\tx3792\tx4190\tx5045\tx5529\tx6010\tx6298\tx6778\tx742
0\tx8620\tx9556\tx10699 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf2\f3\fs2
4 " c c c\tab \up0 \expndtw-8\charscalex100 c\tab \up0 \expndtw-8\charscalex1
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p0 \expndtw-8\charscalex100 c c\tab \up0 \expndtw-8\charscalex100 !c c40>c\tab
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ndtw-8\charscalex100 c "c\tab \up0 \expndtw-8\charscalex100 &c\tab \up0 \expndtw
calex100 " c c\tab \up0 \expndtw-8\charscalex100 c c.7&/8)c c\tab \up0 \expn
arscalex100 #\tab \up0 \expndtw-8\charscalex100 " c\tab \up0 \expndtw-8\charscal
ex100 c\tab \up0 \expndtw-8\charscalex100 c c\par\pard\li1439\sb0\sl-274\slmult
0\fi0\tx3153\tx4847\tx5793\tx6888\tx7800\tx8611\tx9331\tx9969 \up0 \expndtw-8\ch
arscalex100 47.&>0c "c\tab \up0 \expndtw-8\charscalex100 c-/)c/--0&c\tab \up0 \e
xpndtw-8\charscalex100 c\tab \up0 \expndtw-8\charscalex100 c c " c\tab \up0 \e
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\charscalex100 c "c\tab \up0 \expndtw-8\charscalex100 "\tab \up0 \expndtw-8\char
scalex100 " c c\par\pard\li1439\sb3\sl-276\slmult0\fi412\tx2424\tx3408\tx3806\t
x4406\tx5357\tx6024\tx6596\tx7003\tx7680\tx8246\tx9446\tx9969 \up0 \expndtw-8\ch
arscalex100 c " c\tab \up0 \expndtw-8\charscalex100 + '&c\tab \up0 \expndtw-8\
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lex100 c% c +\tab \up0 \expndtw-8\charscalex100 #c c\tab \up0 \expndtw-8\char
scalex100 c#\tab \up0 \expndtw-10\charscalex86 c %\tab \up0 \expndtw-8\charscale
x100 #=\tab \up0 \expndtw-8\charscalex100 " c\tab \up0 \expndtw-8\charscalex100
# c c\tab \up0 \expndtw-8\charscalex100 !c "\tab \up0 \expndtw-8\charscalex10
0 c::&6c\par\pard\li1439\sb0\sl-274\slmult0\fi513\tx3264\tx3926\tx4325\tx5011\tx
5568\tx5918\tx6312\tx7526\tx7900\tx8380\tx8764\tx9000\tx10233 \up0 \expndtw-8\ch
arscalex100 c B c\tab \up0 \expndtw-8\charscalex100 &c\tab \up0 \expndtw-8\char
scalex100 c "\tab \up0 \expndtw-8\charscalex100 #' c\tab \up0 \expndtw-8\chars

calex100 # c\tab \up0 \expndtw-8\charscalex100 c\tab \up0 \expndtw-8\charscalex1
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w-8\charscalex100 c\tab \up0 \expndtw-8\charscalex100 c\par\pard\li1439\sb0\sl-2
74\slmult0\fi360\tx2073\tx2793\tx4214\tx5088\tx5818\tx6370\tx7363\tx8145\tx8664
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sl-368\slmult0\fi619\tx2548\tx3902 \up0 \expndtw0\charscalex97 \ul0\nosupersub\c
f4\f5\fs32 c\tab \up0 \expndtw0\charscalex97 <\tab \up0 \expndtw0\charscalex97 c
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260\tx2961\tx4162\tx4589\tx5083\tx5770\tx7108\tx7569\tx9192\tx9926 \up0 \expndtw
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c\tab \up0 \expndtw-3\charscalex100 " c #\tab \up0 \expndtw-3\charscalex100
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222\tx3341\tx3777\tx5093 \up0 \expndtw-3\charscalex100 G\tab \up0 \expndtw-3\cha
rscalex100 c c c\tab \up0 \expndtw-3\charscalex100 c\tab \up0 \expndtw-3\charsc
alex100 " c c\tab \up0 \expndtw-3\charscalex100 !Hc\par\pard\li1439\sb0\sl-27
6\slmult0\par\pard\li1439\sb6\sl-276\slmult0\fi614\tx3033\tx4108\tx4353\tx4766\t
x5433\tx5794\tx7247\tx7598\tx8414\tx9201\tx10133\tx10560\tx10752 \up0 \expndtw-3
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tw0\charscalex50 #c\tab \up0 \expndtw-3\charscalex100 #\tab \up0 \expndtw-3\char
scalex100 #c'\tab \up0 \expndtw-9\charscalex100 c "\tab \up0 \expndtw-3\charscal
ex100 # " " c c%\tab \up0 \expndtw-3\charscalex100 c\tab \up0 \expndtw-3\charsc
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00 '# c\tab \up0 \expndtw-3\charscalex100 c\tab \up0 \expndtw-3\charscalex100 c\
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139\tx3777\tx4459\tx4925 \up0 \expndtw-3\charscalex100 c\tab \up0 \expndtw-3\cha
rscalex100 c\tab \up0 \expndtw-3\charscalex100 )c\tab \up0 \expndtw-3\charscalex
100 c\tab \up0 \expndtw-3\charscalex100 " # '&c\par\pard\li1439\sb0\sl-276\sl
mult0\par\pard\li1439\sb5\sl-276\slmult0\fi422\tx2457\tx2923\tx3849\tx4713\tx571
7\tx6245\tx7027\tx7392\tx8668\tx8846\tx10142 \up0 \expndtw-3\charscalex100 c\tab
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\expndtw-3\charscalex100 B c\tab \up0 \expndtw-3\charscalex100 "c c c\tab \up0
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100 " Kc\par\pard\li1540\sb277\sl-368\slmult0\fi0\tx3374\tx4756 \up0 \expndtw0\
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tx8774\tx9739 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf2\f3\fs24 c\tab \u
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tw-4\charscalex100 %c c c\tab \up0 \expndtw-4\charscalex100 " c " 'c c%\tab

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x3825\tx4958\tx6034\tx6543\tx7319\tx8217\tx8649\tx9187\tx9513\tx10425 \up0 \expn
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charscalex100 c "\tab \up0 \expndtw-4\charscalex100 =\tab \up0 \expndtw-4\charsc
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100 &c\par\pard\li1439\sb2\sl-276\slmult0\fi369\tx2510\tx3374\tx3725\tx4517\tx50
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x3105\tx4315\tx4661\tx5155\tx5525\tx6326\tx7089\tx7680\tx8049\tx10425 \up0 \expn
dtw-4\charscalex100 c\tab \up0 \expndtw-4\charscalex100 =\tab \up0 \expndtw-4\ch
arscalex100 " c\tab \up0 \expndtw-4\charscalex100 c\tab \up0 \expndtw-4\charscal
ex100 c\tab \up0 \expndtw-4\charscalex100 c\tab \up0 \expndtw-4\charscalex100 "
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}
}}

}
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}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
04\tx5376\tx6591\tx7512\tx8246\tx9331\tx10137 \up0 \expndtw-9\charscalex100 \ul0
\nosupersub\cf2\f3\fs24 c\tab \up0 \expndtw-9\charscalex100 #\tab \up0 \expndtw9\charscalex100 c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charsc
alex100 c\tab \up0 \expndtw-9\charscalex100 #c%\tab \up0 \expndtw-9\charscalex10
0 # c "=\tab \up0 \expndtw-9\charscalex100 #= c "=\tab \up0 \expndtw-9\charscale
x100 " c "c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex10
0 c " c\tab \up0 \expndtw-9\charscalex100 !&c\tab \up0 \expndtw-9\charscalex100
c\par\pard\li1502\sb0\sl-274\slmult0\fi0\tx2304\tx3062\tx3835\tx4190\tx4891\tx55
30\tx6773\tx7622\tx8232 \up0 \expndtw-9\charscalex100 "=\tab \up0 \expndtw-9\cha
rscalex100 " c%\tab \up0 \expndtw-9\charscalex100 # c\tab \up0 \expndtw-9\chars
calex100 c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex100
" c\tab \up0 \expndtw-9\charscalex100 %
c\tab \up0 \expndtw-9\charscalex10
0 = c "\tab \up0 \expndtw-9\charscalex100 #\tab \up0 \expndtw-9\charscalex100
"&c\par\pard\li1439\sb278\sl-368\slmult0\fi619\tx3220\tx4425 \up0 \expndtw0\char
scalex91 \ul0\nosupersub\cf4\f5\fs32 c\tab \up0 \expndtw0\charscalex91 c\tab \up
0 \expndtw0\charscalex91 c\par\pard\li1439\sb0\sl-276\slmult0\par\pard\li1439\sb
8\sl-276\slmult0\fi172\tx3340\tx3710\tx4829\tx5179\tx5578\tx6307\tx6701\tx7387\t
x7944\tx8673\tx9091\tx9734\tx10507 \up0 \expndtw-9\charscalex100 \ul0\nosupersub
\cf2\f3\fs24 " #' c
c=\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndt
w-9\charscalex100 " " c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9
\charscalex100 c\tab \up0 \expndtw-9\charscalex100 #&c\tab \up0 \expndtw-9\chars
calex100 c "\tab \up0 \expndtw-9\charscalex100 #' c\tab \up0 \expndtw-9\charsc
alex100 # c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex10
0 c\tab \up0 \expndtw-9\charscalex100 # c\tab \up0 \expndtw-9\charscalex100 c< !
c\tab \up0 \expndtw-9\charscalex100 c\par\pard\li1439\sb2\sl-276\slmult0\fi739\
tx2534\tx3269\tx4027\tx4325\tx4872\tx5318\tx5746\tx6336\tx7089\tx7377\tx8457\tx9
202 \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex100 c "\tab \u
p0 \expndtw-9\charscalex100 'c#\tab \up0 \expndtw0\charscalex50 &c\tab \up0 \exp
ndtw-9\charscalex100 #c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\
charscalex100 c\tab \up0 \expndtw-9\charscalex100 )c?\tab \up0 \expndtw-9\charsc
alex100 c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex100
" c c\tab \up0 \expndtw-9\charscalex100 c c\tab \up0 \expndtw-9\charscalex10
0 = c c\par\pard\li1439\sb0\sl-274\slmult0\fi1041\tx4406\tx4963\tx5174\tx6005\t
x6178\tx6801\tx7492\tx7680\tx8625 \up0 \expndtw-9\charscalex100 &c< %)c ##c
'c"\tab \up0 \expndtw-9\charscalex100 c c\tab \up0 \expndtw-9\charscalex100 c\t
ab \up0 \expndtw-9\charscalex100 c c\tab \up0 \expndtw-9\charscalex100 c\tab \u
p0 \expndtw-9\charscalex100 ##c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \ex
pndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex100 "c\tab \up0 \expndtw-9
\charscalex100 " c% c< ! &?c\par\pard\li1439\sb3\sl-276\slmult0\fi297\tx2788\t
x4934\tx5126\tx6485\tx7243\tx7771\tx8827\tx9115\tx10425 \up0 \expndtw-9\charscal
ex100 % = )c c\tab \up0 \expndtw-9\charscalex100 %c " #' c " c\tab \up0 \e
xpndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex100 c% c\tab \up0 \expnd
tw-9\charscalex100 # c c\tab \up0 \expndtw-9\charscalex100 #\tab \up0 \expndtw9\charscalex100 c< ! c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\c
harscalex100 c< &c:c\tab \up0 \expndtw-9\charscalex100 "c\par\pard\li1439\sb0\sl
-276\slmult0\par\pard\li1439\sb5\sl-276\slmult0\fi0\tx3441\tx3811\tx4867\tx5126\
tx5414\tx6062\tx6792\tx7142\tx7617\tx7848\tx8736\tx9221\tx9729\tx10459 \up0 \exp
ndtw-9\charscalex100 < ! c% c c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \e
xpndtw-9\charscalex100 " c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw
calex100 "c\tab \up0 \expndtw-9\charscalex100 )c\tab \up0 \expndtw-9\charscalex1
00 #\tab \up0 \expndtw0\charscalex63 )c\tab \up0 \expndtw-9\charscalex100 " c\ta
b \up0 \expndtw-9\charscalex100 "\tab \up0 \expndtw-10\charscalex77 " &c\tab \up
0 \expndtw-9\charscalex100 #\tab \up0 \expndtw-9\charscalex100 c\par\pard\li1439
\sb0\sl-274\slmult0\fi676\tx3196\tx4080\tx4848\tx5256\tx6461\tx6878\tx7627\tx845
2\tx9528\tx10080 \up0 \expndtw-9\charscalex100 c% c\tab \up0 \expndtw-9\charsca
lex100 = c c\tab \up0 \expndtw-9\charscalex100 = c\tab \up0 \expndtw-9\charsc
alex100 c+\tab \up0 \expndtw-9\charscalex100 # 'c\tab \up0 \expndtw-9\charscale
x100 c\tab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex100 c\t
ab \up0 \expndtw-9\charscalex100 c " c\tab \up0 \expndtw-9\charscalex100 !c%\tab
\tx3725\tx5625\tx5971\tx6523\tx6946\tx7435\tx7847\tx8260\tx8471\tx9119\tx9316 \u
p0 \expndtw-9\charscalex100 = c c c3\tab \up0 \expndtw-9\charscalex100 #3c\tab
\up0 \expndtw-9\charscalex100 " )c< ! c% c\tab \up0 \expndtw-9\charscalex100
=\tab \up0 \expndtw-9\charscalex100 c c\tab \up0 \expndtw-9\charscalex100 = "\t
ab \up0 \expndtw-9\charscalex100 c\tab \up0 \expndtw-9\charscalex100 c3\tab \up0
\expndtw-9\charscalex100 "\tab \up0 \expndtw-9\charscalex100 3c\tab \up0 \expnd
tw-9\charscalex100 " c+\tab \up0 \expndtw-9\charscalex100 #\tab \up0 \expndtw-9\
charscalex100 '&&&c\par\pard\li1828\sb272\sl-368\slmult0\fi815\tx3585\tx4396\tx5
159 \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf4\f5\fs32 c\tab \up0 \expndtw
0\charscalex107 c\tab \up0 \expndtw0\charscalex107 D\tab \up0 \expndtw0\charscal
ex107 <
cc\par\pard\li1828\sb0\sl-276\slmult0\par\pard\li1828\sb27\sl-276\sl
mult0\fi81\tx2640 \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab
\up0 \expndtw0\charscalex107 \ul0\nosupersub\cf2\f3\fs24 " # 'c\par\pard\li1
828\sb22\sl-276\slmult0\fi81\tx3091\tx3724 \up0 \expndtw0\charscalex107 \ul0\nos
upersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf2\f3\fs
24 c(\tab \up0 \expndtw0\charscalex107 c\par\pard\li1828\sb17\sl-276\slmult0\fi8
1\tx2505\tx3417 \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \
up0 \expndtw0\charscalex107 \ul0\nosupersub\cf2\f3\fs24 " c\tab \up0 \expndtw0\c
harscalex107 "
"c\par\pard\li1828\sb17\sl-276\slmult0\fi81\tx2659\tx3350 \up0
\expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charsc
alex107 \ul0\nosupersub\cf2\f3\fs24 #'c\tab \up0 \expndtw0\charscalex107 "c\par\
pard\li1828\sb16\sl-276\slmult0\fi81\tx2443\tx3240\tx4670 \up0 \expndtw0\charsca
lex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex107 \ul0\nosup
ersub\cf2\f3\fs24 ##\tab \up0 \expndtw0\charscalex107 = #'c\tab \up0 \expndtw0\c
harscalex107 = c\par\pard\li1828\sb272\sl-368\slmult0\fi888\tx3657\tx4468\tx5227
\up0 \expndtw0\charscalex107 \ul0\nosupersub\cf4\f5\fs32 c\tab \up0 \expndtw0\c
harscalex107 c\tab \up0 \expndtw0\charscalex107 D\tab \up0 \expndtw0\charscalex1
07 <
c\par\pard\li1828\sb0\sl-276\slmult0\par\pard\li1828\sb27\sl-276\slmul
t0\fi81\tx2496\tx3965 \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c
\tab \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf2\f3\fs24 " c "\tab \up0 \
expndtw0\charscalex107 "c\par\pard\li1828\sb17\sl-276\slmult0\fi81\tx2520\tx3609
\tx4939\tx5659 \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \u
p0 \expndtw0\charscalex107 \ul0\nosupersub\cf2\f3\fs24 # 'cc c\tab \up0 \expnd
tw0\charscalex107 ! c c c<\tab \up0 \expndtw0\charscalex107 c\tab \up0 \expndt
w0\charscalex107 " c\par\pard\li1828\sb17\sl-276\slmult0\fi81\tx2160 \up0 \expnd
tw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex107
\ul0\nosupersub\cf2\f3\fs24 ,
"B c
c
"c\par\pard\li1828\sb17\sl-276
\slmult0\fi81\tx2428\tx2937\tx3379\tx3806\tx4421 \up0 \expndtw0\charscalex107 \u
l0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf2
\f3\fs24 #\tab \up0 \expndtw0\charscalex107 'c\tab \up0 \expndtw0\charscalex107
#\tab \up0 \expndtw0\charscalex107 "\tab \up0 \expndtw0\charscalex107 c\par\pard
\li1828\sb277\sl-368\slmult0\fi657\tx4118\tx4929\tx5692\tx6614 \up0 \expndtw0\ch
arscalex107 \ul0\nosupersub\cf4\f5\fs32 << c\tab \up0 \expndtw0\charscalex107 c
\tab \up0 \expndtw0\charscalex107 D\tab \up0 \expndtw0\charscalex107 <\tab \up0
\expndtw0\charscalex107 c\par\pard\li1828\sb0\sl-276\slmult0\par\pard\li1828\sb2
7\sl-276\slmult0\fi81\tx2836\tx3379\tx5203\tx5947 \up0 \expndtw0\charscalex107 \
ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf
2\f3\fs24 c\tab \up0 \expndtw0\charscalex107 " # 'c% c\tab \up0 \expndtw0\c
harscalex107 !c\tab \up0 \expndtw0\charscalex107 "c\par\pard\li1828\sb17\sl-276\
slmult0\fi81\tx2836\tx3513\tx4675\tx6240\tx6537 \up0 \expndtw0\charscalex107 \ul
0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf2\
f3\fs24 c\tab \up0 \expndtw0\charscalex107 c% c\tab \up0 \expndtw0\charscalex1
07 !c,
"B c\tab \up0 \expndtw0\charscalex107 !\tab \up0 \expndtw0\charscalex1
07 c\par\pard\li1828\sb16\sl-276\slmult0\fi81\tx2836\tx3470\tx4632\tx5520 \up0 \
expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscal
ex107 \ul0\nosupersub\cf2\f3\fs24 c\tab \up0 \expndtw0\charscalex107 c% c\tab
\up0 \expndtw0\charscalex107 !c\tab \up0 \expndtw0\charscalex107 #c\par\pard\li1
828\sb17\sl-276\slmult0\fi81\tx2836\tx3076\tx3484\tx4003\tx5097\tx6038\tx6461 \u
p0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\char
scalex107 \ul0\nosupersub\cf2\f3\fs24 c\tab \up0 \expndtw0\charscalex107 #\tab \
up0 \expndtw0\charscalex107 #c\tab \up0 \expndtw0\charscalex107 " c\tab \up0 \
expndtw0\charscalex107 !c c\tab \up0 \expndtw0\charscalex107 "\tab \up0 \expnd
tw0\charscalex107 c\par\pard\li1828\sb277\sl-368\slmult0\fi0\tx2880\tx4065 \up0
\expndtw0\charscalex107 \ul0\nosupersub\cf4\f5\fs32 D$\tab \up0 \expndtw0\charsc
alex107 <\tab \up0 \expndtw0\charscalex107 <c\par\pard\li1828\sb0\sl-276\slmult0
\par\pard\li1828\sb27\sl-276\slmult0\fi81\tx2323\tx3470\tx3816\tx4344\tx5366 \up
0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\chars
calex107 \ul0\nosupersub\cf2\f3\fs24 # " " c\tab \up0 \expndtw0\charscalex107 c
\tab \up0 \expndtw0\charscalex107 #\tab \up0 \expndtw0\charscalex107 c\tab \up0
\expndtw0\charscalex107 ##'c\par\pard\li1828\sb17\sl-276\slmult0\fi81\tx2841\tx3
273\tx3725\tx4833\tx5448\tx6206 \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf6
\f7\fs24 c\ul0\nosupersub\cf2\f3\fs24 D\tab \up0 \expndtw0\charscalex107 c\tab
\up0 \expndtw0\charscalex107 c\tab \up0 \expndtw0\charscalex107 "
c c\tab \
up0 \expndtw0\charscalex107 +\tab \up0 \expndtw0\charscalex107 c\tab \up0 \expnd
tw0\charscalex107 "'c\par\pard\li1828\sb17\sl-276\slmult0\fi81\tx2544\tx3859\tx4
267 \up0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw
0\charscalex107 \ul0\nosupersub\cf2\f3\fs24 " " " c\tab \up0 \expndtw0\charsca
lex107 c\tab \up0 \expndtw0\charscalex107 " c\par\pard\li1828\sb17\sl-276\slmul
t0\fi81\tx2788\tx4185\tx4881\tx5438\tx6130\tx6802\tx6970 \up0 \expndtw0\charscal
ex107 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex107 \ul0\nosupe
rsub\cf2\f3\fs24 # " c "c\tab \up0 \expndtw0\charscalex107 #'c\tab \up0 \expnd
tw0\charscalex107 "c\tab \up0 \expndtw0\charscalex107 "\tab \up0 \expndtw0\chars
calex107 c c\tab \up0 \expndtw-3\charscalex100 #\tab \up0 \expndtw0\charscalex1
07 c\par\pard\li1828\sb17\sl-276\slmult0\fi81\tx2160\tx4608\tx5006\tx7742 \up0 \

ex107 \ul0\nosupersub\cf2\f3\fs24 <
" c cD "\tab \up0 \expndtw0\charsca
lex107 c\tab \up0 \expndtw0\charscalex107 % "c
" # 'c " c\tab \up0 \expn
dtw0\charscalex107 "c
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
slmult0\par\pard\li1439\sb284\sl-460\slmult0\fi0\tx3964\tx6950 \up0 \expndtw0\ch
arscalex54 \ul0\nosupersub\cf7\f8\fs40 ccccccccccccccccccccccc\tab \up0 \expndtw
0\charscalex76 \ul0\nosupersub\cf1\f2\fs40 ,
c < $\tab \up0 \expndtw0\chars
calex80 c\par\pard\li1910\sb279\sl-368\slmult0\fi839\tx3244\tx4185\tx5015\tx5831
\tx6532\tx7948 \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf4\f5\fs32 c\tab \u
p0 \expndtw0\charscalex104 $\tab \up0 \expndtw0\charscalex104 <c1\tab \up0 \expn
dtw0\charscalex104 (\tab \up0 \expndtw0\charscalex104 c\tab \up0 \expndtw0\chars
calex104 c\tab \up0 \expndtw0\charscalex104 2c\par\pard\li1910\sb0\sl-276\slmult
0\par\pard\li1910\sb8\sl-276\slmult0\fi287\tx2519\tx3052\tx4296\tx4723\tx5794\tx
6427\tx6970\tx7324\tx8189\tx9129 \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf
2\f3\fs24 c\tab \up0 \expndtw0\charscalex104 # c\tab \up0 \expndtw0\charscalex10
4 "c% c c#\tab \up0 \expndtw0\charscalex104 " c\tab \up0 \expndtw0\charscalex10
4 # ' c "c\tab \up0 \expndtw0\charscalex104 c\tab \up0 \expndtw0\charscalex104
c\tab \up0 \expndtw0\charscalex104 c\tab \up0 \expndtw0\charscalex104 "\tab \up0
\expndtw0\charscalex104 " c\tab \up0 \expndtw0\charscalex104 "'&c\par\pard\li19
10\sb276\sl-368\slmult0\fi312\tx3287 \up0 \expndtw0\charscalex104 \ul0\nosupersu
b\cf4\f5\fs32 <\tab \up0 \expndtw0\charscalex104 c\par\pard\li1910\sb0\sl-276\sl
mult0\par\pard\li1910\sb28\sl-276\slmult0\fi0\tx2160\tx4944\tx5875\tx6614 \up0 \
ex104 \ul0\nosupersub\cf2\f3\fs24 $
" cD# ' c "c
c\tab \up0 \expndtw0\cha
rscalex104 " c\tab \up0 \expndtw0\charscalex104 c "\tab \up0 \expndtw0\charscale
x104 'c\par\pard\li1910\sb16\sl-276\slmult0\fi0\tx2697\tx3667\tx4219\tx4809 \up0
alex104 \ul0\nosupersub\cf2\f3\fs24 'c "\tab \up0 \expndtw0\charscalex104 c "c\t
ab \up0 \expndtw0\charscalex104 # c\tab \up0 \expndtw0\charscalex104 = " c\pa
r\pard\li1910\sb17\sl-276\slmult0\fi0\tx3119\tx4507\tx5006 \up0 \expndtw0\charsc
alex104 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex104 \ul0\nosu
persub\cf2\f3\fs24 #c< %cD\tab \up0 \expndtw0\charscalex104 c ""\tab \up0 \expn
dtw0\charscalex104 =
" c\par\pard\li1910\sb17\sl-276\slmult0\fi0\tx2160\tx377
3\tx4574 \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \ex
pndtw0\charscalex104 \ul0\nosupersub\cf2\f3\fs24 $
c
c\tab \up0 \expndtw0
\charscalex104 =
"\tab \up0 \expndtw0\charscalex104 c\par\pard\li1910\sb17\sl
-276\slmult0\fi0\tx2558\tx3609 \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf6\
f7\fs24 c\tab \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf2\f3\fs24 ! " c\t
ab \up0 \expndtw0\charscalex104 " c\par\pard\li1439\sb277\sl-368\slmult0\fi0\t
x2395\tx3556 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf4\f5\fs32 ,\tab \up0
\expndtw0\charscalex106 <\tab \up0 \expndtw0\charscalex106 c\par\pard\li1439\sb
0\sl-276\slmult0\par\pard\li1439\sb27\sl-276\slmult0\fi470\tx2332\tx3196\tx3945
\up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\ch
arscalex106 \ul0\nosupersub\cf2\f3\fs24 "\tab \up0 \expndtw0\charscalex106 c\tab
\up0 \expndtw0\charscalex106 'c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx233
2\tx3311\tx5025\tx5438\tx6393 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f
7\fs24 c\tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 %"cL\tab \
up0 \expndtw0\charscalex106 " " c "c\tab \up0 \expndtw0\charscalex106 c\tab \

up0 \expndtw0\charscalex106 " c\tab \up0 \expndtw0\charscalex106 " c\par\pard\li
1439\sb16\sl-276\slmult0\fi470\tx2635\tx3830\tx4646\tx5275\tx5846 \up0 \expndtw0
\charscalex106 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw-1\charscalex100 \
ul0\nosupersub\cf2\f3\fs24 c$ = #c c$\tab \up0 \expndtw0\charscalex106 " c\tab
\up0 \expndtw0\charscalex106 c\tab \up0 \expndtw0\charscalex106 % "\tab \up0 \ex
pndtw0\charscalex106 c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2721\tx3048\t
x3379\tx3873 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0
alex106 "\tab \up0 \expndtw0\charscalex106 ##\tab \up0 \expndtw0\charscalex106 "
c\par\pard\li1439\sb272\sl-368\slmult0\fi230\tx2255\tx2855\tx3873 \up0 \expndtw
0\charscalex74 \ul0\nosupersub\cf4\f5\fs32 DD\tab \up0 \expndtw0\charscalex106 D
\tab \up0 \expndtw0\charscalex106 <\tab \up0 \expndtw0\charscalex106 c\par\pard\
li1439\sb0\sl-276\slmult0\par\pard\li1439\sb27\sl-276\slmult0\fi470\tx3100\tx344
1\tx4166\tx4545\tx5659\tx5938 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f
7\fs24 c\tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 c\tab \up0
\expndtw0\charscalex106 +\tab \up0 \expndtw-2\charscalex100 " c\tab \up0 \expnd
tw0\charscalex106 " c\tab \up0 \expndtw0\charscalex106 "\tab \up0 \expndtw0\char
scalex106 c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2659\tx3316\tx3840\tx420
0\tx5064\tx5991\tx6312 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f7\fs24
c\tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 #'\tab \up0 \expn
dtw0\charscalex106 "c "\tab \up0 \expndtw0\charscalex106 c\tab \up0 \expndtw0\ch
arscalex106 "\tab \up0 \expndtw0\charscalex106 " c "\tab \up0 \expndtw0\charscal
ex106 =\tab \up0 \expndtw0\charscalex106 c\par\pard\li1439\sb22\sl-276\slmult0\f
i470\tx2332\tx3115\tx3840 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f7\fs
24 c\tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 %"c\tab \up0 \
expndtw0\charscalex106 #c\tab \up0 \expndtw0\charscalex106 c\par\pard\li1439\sb2
72\sl-368\slmult0\fi1459 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf4\f5\fs3
2 c\par\pard\li1439\sb0\sl-276\slmult0\par\pard\li1439\sb27\sl-276\slmult0\fi470
\tx3240\tx3893\tx4651\tx5899 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f7
\fs24 c\tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 "c,\tab \up
0 \expndtw0\charscalex106 c\tab \up0 \expndtw0\charscalex106 "'B c\tab \up0 \exp
ndtw0\charscalex106 " #c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx3240\tx4531
\tx5904 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \exp
ndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 "c$ ! c\tab \up0 \expndtw0\chars
calex106 !)c< ! )cD\tab \up0 \expndtw0\charscalex106 c\par\pard\li1439\sb17\sl-2
76\slmult0\fi470\tx2160\tx3893\tx4934 \up0 \expndtw0\charscalex106 \ul0\nosupers
ub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 (
" c ;
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x106 " c\par\pard\li1439\sb16\sl-276\slmult0\fi470\tx2160\tx3364\tx3869 \up0 \ex
pndtw0\charscalex106 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex
106 \ul0\nosupersub\cf2\f3\fs24 , !c #\tab \up0 \expndtw0\charscalex106 #c\ta
b \up0 \expndtw0\charscalex106 " 'c\par\pard\li1439\sb17\sl-276\slmult0\fi470\
tx2827\tx3494\tx3840\tx4593\tx4963\tx6086 \up0 \expndtw0\charscalex106 \ul0\nosu
persub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs2
4 c c\tab \up0 \expndtw0\charscalex106 "\tab \up0 \expndtw0\charscalex106 # c "
c\tab \up0 \expndtw0\charscalex106 c\tab \up0 \expndtw0\charscalex106 c " c\tab
\up0 \expndtw0\charscalex106 "'c\par\pard\li1439\sb277\sl-368\slmult0\fi1276\tx2
975\tx5966\tx6786\tx7487\tx8903 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf4
\f5\fs32 c\tab \up0 \expndtw0\charscalex106 , c < $
c1\tab \up0 \expndt
w0\charscalex106 (\tab \up0 \expndtw0\charscalex106 c\tab \up0 \expndtw0\charsca
lex106 c\tab \up0 \expndtw0\charscalex106 2c\par\pard\li2054\sb0\sl-276\slmult0\
par\pard\li2054\sb8\sl-276\slmult0\fi0\tx3153\tx4848\tx5919\tx6556\tx6724\tx7238
\tx7646\tx8539\tx8966\tx9264\tx9806\tx9974 \up0 \expndtw0\charscalex104 \ul0\nos
upersub\cf2\f3\fs24 !c " "\tab \up0 \expndtw-2\charscalex100 " #c% c c A c
\tab \up0 \expndtw0\charscalex104 # ' c "c\tab \up0 \expndtw0\charscalex104 c\t
ab \up0 \expndtw0\charscalex104 c\tab \up0 \expndtw0\charscalex104 " c\tab \up0
\expndtw0\charscalex104 "\tab \up0 \expndtw0\charscalex104 c\tab \up0 \expndtw0\
charscalex104 c\tab \up0 \expndtw0\charscalex104 !\tab \up0 \expndtw0\charscalex
104 )c%\tab \up0 \expndtw0\charscalex104 c\tab \up0 \expndtw0\charscalex104 c\pa
r\pard\li2054\sb0\sl-274\slmult0\fi52\tx3307\tx4065\tx6691\tx7224\tx7444\tx7828\
tx8491\tx9331\tx9499\tx9969\tx10382 \up0 \expndtw0\charscalex104 # c\tab \up0 \
expndtw0\charscalex104 c "c\tab \up0 \expndtw0\charscalex104 % c c
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c#\tab \up0 \expndtw0\charscalex104 c "c\tab \up0 \expndtw0\charscalex104 c\
tab \up0 \expndtw-10\charscalex73 @ c\tab \up0 \expndtw0\charscalex104 " c\tab \
up0 \expndtw0\charscalex104 " c "\tab \up0 \expndtw0\charscalex104 c\tab \up0
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charscalex104 c\par\pard\li2054\sb277\sl-368\slmult0\fi167\tx3287 \up0 \expndtw0
\charscalex104 \ul0\nosupersub\cf4\f5\fs32 <\tab \up0 \expndtw0\charscalex104 c
}
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r\pard\li1910\sb123\sl-276\slmult0\fi0\tx2539\tx3316\tx3907 \up0 \expndtw0\chars
calex111 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex111 \ul0\nos

upersub\cf2\f3\fs24 % " c\tab \up0 \expndtw0\charscalex111 # c\tab \up0 \expndt
w0\charscalex111 = " c\par\pard\li1910\sb16\sl-276\slmult0\fi0\tx2308\tx2640\t
x3528\tx4872 \up0 \expndtw0\charscalex111 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0
\expndtw0\charscalex111 \ul0\nosupersub\cf2\f3\fs24 ;\tab \up0 \expndtw0\charsc
alex111 ## " c\tab \up0 \expndtw0\charscalex111 ! " c\tab \up0 \expndtw0\chars
calex111 'c\par\pard\li1910\sb17\sl-276\slmult0\fi0\tx2428\tx2937\tx4166\tx4603\
tx5659 \up0 \expndtw0\charscalex111 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expn
dtw0\charscalex111 \ul0\nosupersub\cf2\f3\fs24 #\tab \up0 \expndtw0\charscalex11
1 'c\tab \up0 \expndtw0\charscalex111 c\tab \up0 \expndtw0\charscalex111 "
c\
tab \up0 \expndtw0\charscalex111 c\par\pard\li1910\sb17\sl-276\slmult0\fi0\tx256
pndtw0\charscalex111 \ul0\nosupersub\cf2\f3\fs24 " c,
"B c\tab \up0 \expndtw0
\charscalex111 c\par\pard\li1439\sb277\sl-368\slmult0\fi0\tx2395\tx3556 \up0 \ex
pndtw0\charscalex102 \ul0\nosupersub\cf4\f5\fs32 ,\tab \up0 \expndtw0\charscalex
102 <\tab \up0 \expndtw0\charscalex102 c\par\pard\li1439\sb0\sl-276\slmult0\par\
pard\li1439\sb27\sl-276\slmult0\fi470\tx2323\tx2942\tx3604 \up0 \expndtw0\charsc
alex102 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex102 \ul0\nosu
persub\cf2\f3\fs24 #\tab \up0 \expndtw0\charscalex102 c "\tab \up0 \expndtw0\ch
arscalex102 c( c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2160\tx3062\tx396
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102 # c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2438\tx3614\tx3921\tx5193\tx
6057\tx6403 \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0
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02 \ul0\nosupersub\cf4\f5\fs32 DD\tab \up0 \expndtw0\charscalex102 <
c\par\
pard\li1439\sb0\sl-276\slmult0\par\pard\li1439\sb27\sl-276\slmult0\fi470\tx2241\
tx2956\tx3192\tx3825\tx4372\tx4925 \up0 \expndtw0\charscalex102 \ul0\nosupersub\
cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf2\f3\fs24 "\tab
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ndtw0\charscalex102 c\tab \up0 \expndtw0\charscalex102 cD\tab \up0 \expndtw0\cha
rscalex102 c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2519\tx3168\tx5563\tx58
08\tx6394\tx6797\tx7622\tx7900 \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf6\
f7\fs24 c\tab \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf2\f3\fs24 %c\tab \u
p0 \expndtw0\charscalex102 " "c c, c< %c\tab \up0 \expndtw0\charscalex102 "
\tab \up0 \expndtw0\charscalex102 #\tab \up0 \expndtw0\charscalex102 #c\tab \up0
\expndtw0\charscalex102 = #\tab \up0 \expndtw0\charscalex102 "\tab \up0 \expndt
w0\charscalex102 c\par\pard\li1439\sb16\sl-276\slmult0\fi470\tx2308\tx3187\tx381
6\tx5222\tx6225 \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf6\f7\fs24 c\tab \
up0 \expndtw0\charscalex102 \ul0\nosupersub\cf2\f3\fs24 "\tab \up0 \expndtw0\cha
rscalex102 c c\tab \up0 \expndtw0\charscalex102 " c
" cD\tab \up0 \expndtw0\c
harscalex102 c "c\tab \up0 \expndtw0\charscalex102 c\par\pard\li1439\sb17\sl-276
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upersub\cf6\f7\fs24 c\tab \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf2\f3\fs
24 ; # c< ! B c$\tab \up0 \expndtw0\charscalex102 !c c\tab \up0 \expndtw0\ch
arscalex102 cD\tab \up0 \expndtw0\charscalex102 # c\par\pard\ql \li2879\sb268\sl
-368\slmult0 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf4\f5\fs32 c \par\pard
\li1439\sb0\sl-276\slmult0\par\pard\li1439\sb36\sl-276\slmult0\fi470\tx2332\tx29
18\tx4291\tx5054\tx5318 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf6\f7\fs2
4 c\tab \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs24 % c\tab \up0 \
expndtw-5\charscalex100 # " c "c(\tab \up0 \expndtw-5\charscalex100 % c\tab
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439\sb17\sl-276\slmult0\fi470\tx2400\tx3000\tx3576\tx4517\tx5045 \up0 \expndtw-5
\charscalex100 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw-5\charscalex100 \
ul0\nosupersub\cf2\f3\fs24 =\tab \up0 \expndtw-5\charscalex100 c(\tab \up0 \expn
dtw-5\charscalex100 c\tab \up0 \expndtw-5\charscalex100 #c\tab \up0 \expndtw-5\c
harscalex100 ! c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2160\tx2947\tx340
8\tx4027\tx5582\tx6043\tx6398\tx6638 \up0 \expndtw-5\charscalex100 \ul0\nosupers
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"\tab \up0 \expndtw-5\charscalex100 = c< %cD\tab \up0 \expndtw-5\charscalex100
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up0 \expndtw-5\charscalex100 c\par\pard\li1439\sb273\sl-460\slmult0\fi0\tx5879\t
x6206\tx9196 \up0 \expndtw0\charscalex95 \ul0\nosupersub\cf7\f8\fs40 ccccccccccc
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w0\charscalex95 ,
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b283\sl-368\slmult0\fi0\tx3935\tx4915\tx5616\tx7032 \up0 \expndtw0\charscalex54
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32 1\tab \up0 \expndtw0\charscalex95 (\tab \up0 \expndtw0\charscalex95 c\tab \up
0 \expndtw0\charscalex95 c\tab \up0 \expndtw0\charscalex95 2c\par\pard\li1439\sb
280\sl-368\slmult0\fi782\tx3287 \up0 \expndtw0\charscalex95 <\tab \up0 \expndtw0
\charscalex95 c\par\pard\li1439\sb0\sl-276\slmult0\par\pard\li1439\sb27\sl-276\s
lmult0\fi470\tx2683\tx3580\tx3921\tx4670\tx5947 \up0 \expndtw-5\charscalex100 \u
l0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf
2\f3\fs24 cD\tab \up0 \expndtw-5\charscalex100 c\tab \up0 \expndtw-5\charscalex1
00 c\tab \up0 \expndtw-5\charscalex100 " c\tab \up0 \expndtw-5\charscalex100 c\p
ar\pard\li1439\sb17\sl-276\slmult0\fi470\tx2241\tx2956\tx4012 \up0 \expndtw-5\ch
arscalex100 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw-5\charscalex100 \ul0
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dtw-5\charscalex100 c$ " c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2544\tx37
58\tx4661 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \
expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs24 # = 'c "c\tab \up0 \expndtw
-5\charscalex100 ! c\tab \up0 \expndtw-5\charscalex100 c\par\pard\li1439\sb16\s
l-276\slmult0\fi470\tx2160\tx3710\tx4099\tx4651\tx5481\tx5914\tx6855\tx7383 \up0
\expndtw-5\charscalex100 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw-5\char
scalex100 \ul0\nosupersub\cf2\f3\fs24 < %c
c\tab \up0 \expndtw-5\charscalex1
00 c\tab \up0 \expndtw-5\charscalex100 c\tab \up0 \expndtw-5\charscalex100 # c\t
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b \up0 \expndtw-5\charscalex100 =\tab \up0 \expndtw-5\charscalex100 c\par\pard\l
i1439\sb17\sl-276\slmult0\fi470\tx2822\tx3403\tx4819\tx5371 \up0 \expndtw-5\char
scalex100 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw-5\charscalex100 \ul0\n
osupersub\cf2\f3\fs24 c I\tab \up0 \expndtw-5\charscalex100 )cD " c)\tab \up
0 \expndtw-5\charscalex100 " #\tab \up0 \expndtw-5\charscalex100 'c "" =
"
c\par\pard\li1439\sb272\sl-368\slmult0\fi0\tx2395\tx3556 \up0 \expndtw0\charscal
ex95 \ul0\nosupersub\cf4\f5\fs32 ,\tab \up0 \expndtw0\charscalex95 <\tab \up0 \e
xpndtw0\charscalex95 c\par\pard\li1439\sb0\sl-276\slmult0\par\pard\li1439\sb27\s
l-276\slmult0\fi470\tx2808\tx4320\tx5683 \up0 \expndtw-5\charscalex100 \ul0\nosu
persub\cf6\f7\fs24 c\tab \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs
24 " cJ # c\tab \up0 \expndtw-5\charscalex100 " c
"\tab \up0 \expndtw-5\ch
arscalex100 " c\par\pard\li1439\sb17\sl-276\slmult0\fi470\tx2745\tx2918\tx5683\
tx5971\tx6499 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf6\f7\fs24 c\tab \u
p0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs24 #\tab \up0 \expndtw-5\ch
arscalex100 ; 'c cA " " c % c\tab \up0 \expndtw-5\charscalex100 c\tab \up0 \e
xpndtw-5\charscalex100 #\tab \up0 \expndtw-5\charscalex100 c\par\pard\li1439\sb2
2\sl-276\slmult0\fi470\tx2625\tx3379\tx4094\tx5520\tx6168 \up0 \expndtw-5\charsc
alex100 \ul0\nosupersub\cf6\f7\fs24 c\tab \up0 \expndtw-5\charscalex100 \ul0\nos
upersub\cf2\f3\fs24 c\tab \up0 \expndtw-5\charscalex100 " c\tab \up0 \expndtw5\charscalex100 # " c c\tab \up0 \expndtw-5\charscalex100 " c\tab \up0 \expndtw
-5\charscalex100 "
c
}
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}}
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persub\cf6\f7\fs24 c\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf2\f3\fs
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tx5515\tx6264\tx6754\tx7248\tx7771\tx8136\tx9677\tx10469 \up0 \expndtw-1\charsca
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up0 \expndtw-1\charscalex100 cG " &c
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}}\par\pard\sect\sectd\fs24}

Case Study Adidas Reebok Merger

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