Amer Sports Acquisition Surpasses 90% Acceptance
Mascot Bidco Oy, the consortium owned by Anta Sports, Lululemon founder Chip Wilson, FountainVest and Tencent, said that 94.38% of Amer Sports shares had been tendered by the Mar. 7 deadline, well above the 90% needed for the acquisition to go through under Finnish law. The final results of the tender offer and the closing details will be announced on Mar. 12. Hitting the threshold was far from certain, as Amer’s suitor had first extended the deadline for tendering shares from the original Feb. 28, then warned earlier this week that it would not be able to extend the date ... Log in to view full article.