The chief executive of German sports goods firm Puma said in a television interview he did not think a competing offer was likely after French luxury goods maker PPR bid €5.3 billion for the company.
"There is always the chance," Jochen Zeitz told German television channel ZDF today. "We consider that possibility relatively remote, a rather hypothetical assumption."
Puma competitor Nike has so far declined to comment on a possible counterbid. The German company said Tuesday it had not been approached by Nike.
Puma expects the bid of 330 euros a share to be PPR's final offer, though that also "remains to be seen", Zeitz said in the television interview.
The offer is "fair" and Puma shareholders should accept it, Zeitz reiterated at the company's annual shareholders meeting in Nuremburg.