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In November 2015, Nike introduced it would provoke a $12 billion share buyback, in addition to a two-for-one stock break up, with shares to start trading at the decreased value on December 24. Nike has acquired and bought a number of attire and footwear corporations over the course of its historical past. Its first acquisition was the upscale footwear company Cole Haan in 1988, followed by the acquisition of Bauer Hockey in 1994. In 2002, Nike bought surf attire firm Hurley International from founder Bob Hurley. In 2003, Nike paid US$309 million to accumulate sneaker firm Converse. The company acquired Starter in 2004 and soccer uniform maker Umbro in 2007.

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