Both Anta and Amer confirmed that there have been preliminary discussions about a buyout of Amer at €40 per share, valuing the company at €4 billion. Anta has been in talks with banks to arrange financing and proceeding with due diligence, according to Reuters. Both companies pointed out that there were a number of conditions that had to be satisfied, including shareholder and board approvals as well as regulatory clearance.

There was a huge surge of Chinese companies buying Western brands in 2016. That activity cooled somewhat this year as the Chinese economy has slowed and is down 27% in value ... Log in to view full article.