As expected, the Amer board has formally greenlighted the €5.6 billion transaction, including the assumption of €950 million in Amer debt, as the Anta-led group prepares to issue a formal tender offer on Dec. 20 that will lead to the acquisition of at least 90% of the shares as a condition of the deal. The offer period will last about 10 weeks, although Anta has the right to extend it. Anta would have the ability to require the remaining shares to tender at that 90% threshold. Funds that control 12.2% have already committed to the transaction. The document disclosed little ... Log in to view full article.