SECURITIES AND EXCHANGE COMMISSION 
                          Washington, D.C. 20549 
 
 
                                 FORM 8-K 
 
                              CURRENT REPORT 
 
 
                   Pursuant to Section 13 or 15(d) of the 
                      Securities Exchange Act of 1934 
 
 
 
   Date of Report (Date of earliest event reported) January 5, 1995 
 
                                 NIKE, INC. 
             (Exact name of registrant as specified in its charter) 
  
 
         Oregon                   1-10635                  93-0584541 
(State of incorporation)      (Commission File           (IRS Employer 
                                   Number)              Identification 
No.) 
 
 One Bowerman Drive, Beaverton, Oregon                      97005-6453 
(Address of principal executive offices)                     (Zip 
Code) 
 
 
                               (503) 671-6453 
             (Registrant's telephone number, including area code) 
 
Item 5.  OTHER EVENTS 
 
The Registrant issued the following press release on January 9, 1995 
 
  BEAVERTON, OR -- January 9, 1995 -- NIKE, Inc. (NYSE: NKE) and 
Canstar Sports Inc. today announced that they have entered into a 
Business Combination Agreement, and NIKE has commenced its tender 
offer, effective January 6, 1995, to acquire all of the outstanding 
common shares of Canstar at the price of Canadian $27.50 per share. 
The Business Combination Agreement will facilitate NIKE's plan to 
acquire Canstar. 
 
As previously announced, NIKE entered into an agreement on December 
14, 1994, with the principal shareholders of Canstar, including 
companies owned or controlled by Canstar Chairman Icaro Olivieri, 
who together own approximately 46 percent of Canstar's outstanding 
shares, to acquire those shares at the same price of Canadian 
$27.50 per share. 
 
Canstar's Board of Directors has recommended to Canstar 
shareholders that they accept NIKE's offer, and Canstar's financial 
advisor, RBC Dominion Securities, has provided the Canstar Board 
with its opinion that NIKE's offer is fair from a financial point 
of view to Canstar's shareholders. 
 
The NIKE tender offer will be open for acceptance until 4:30 p.m. 
Vancouver time on February 9, 1995 unless withdrawn or extended.  
The offer is subject to NIKE acquiring at least 80 percent of all 
the outstanding Canstar shares, and to regulatory approvals and 
other customary conditions. 
 
NIKE also said that Wood Gundy Inc. of Toronto will act as Dealer 
Manager for the tender offer. 
 
Canstar manufactures and distributes ice skates under the Bauer, 
Micron, Mega, Daoust and Lange brand names; in-line roller skates 
and protective gear under the Bauer brand name; Cooper and Flak 
hockey protective equipment; Cooper and Bauer hockey sticks; Bauer 
hockey jerseys and accessories; and Tuuk, ICM and John Wilson skate 
blades.  Canstar also offers a full selection of products for 
street, roller and field hockey.  Canstar Sports Inc. is listed on 
The Toronto Stock Exchange and The Montreal Exchange (HKY), and are 
quoted on the NASDAQ national market (HKYIF) in the U.S. 
 
NIKE, Inc., based in Beaverton, Oregon, is the world's leading 
designer and marketer of authentic athletic footwear, apparel and 
accessories for a wide variety of sports and fitness activities. 
The company also markets a line of high-quality men's and women's 
dress and casual shoes through its Cole Haan subsidiary based in 
Yarmouth, Maine and a full range of licensed headwear through its 
Sports Specialties subsidiary based in Irvine, California.  Total 
revenues for the trailing twelve months ended November 30, 1994, 
were $4.1 billion. 
 
 
 Item 7.   Financial Statements and Exhibits
 
     (c)  Exhibits: 
 
    2.1 Lock Up Agreement between NIKE, Inc. and Canstar 
        Sports Inc. dated December 15, 1995. 
 
    2.2 Business Combination Agreement between NIKE, Inc. 
        and Canstar Sports Inc. dated January 5, 1995. 
 
    3.1 Restated Articles of Incorporation, as amended 
        (incorporated by reference from Exhibit 3.1 to the 
        Company's Annual Report on Form 10-K for the fiscal 
        year ended May 31, 1988 and Exhibit 4.1 to the Company's 
        Quarterly Report on Form 10-Q for the fiscal quarter ended 
        August 31, 1990). 
 
    3.2 Second Restated Bylaws, as amended (incorporated by 
        reference from Exhibit 3.2 to the Company's Annual Report 
        on Form 10-K for the fiscal year ended May 31, 1993). 
 
    4.1 Articles IV, VI, VII, VIII and X of the Restated 
        Articles of Incorporation, as amended (see Exhibit 3.1). 
 
    4.2 Articles II, III, VII, IX and X of the Second Restated 
        Bylaws, as amended (see Exhibit 3.2).