Nike is recommending rejection of an unsolicited offer made by a Canadian investment firm, TRC Capital Corp., to purchase up to two million shares of Class B common stock, amounting to less than one-sixth of one percent of all outstanding shares. Nike noted that the offer price of $57.00 is 4.39 percent lower than the closing price of $59.62 of the shares on April 20, the last day of trading prior to the commencement of the offer.

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