Shares of Puma SE moved nearly 5 percent higher on Tuesday as speculation grows that its rival Adidas may be setting the stage for a possible takeover. Roy Adams, co-founder of U.S. investment firm Metronuclear, first raised the merger prospect in an interview with German business newspaper Handelsblatt on Friday. “Puma is in a state of emergency,” Adams told the paper. “If management fails to turn things around, a merger with Adidas is the best option.” More from WWD When reached by FN, a spokesperson f ...