Anta-Led Group Makes Firm Offer for Amer Sports
The cash offer of €40 per share values the equity at €4.6 billion and Anta will also assume €1 billion in debt. The tender is expected to commence on Dec. 20 and last approximately 10 weeks and is subject to receiving 90% of the outstanding shares. It is not conditioned on financing, which is evidently already committed. Amer’s board has unanimously endorsed the offer. Anta would control a 58% stake in Amer with Fountainvest owning 15.8%, Lululemon founder chip Wilson 20.7% and Chinese gaming giant Tencent 5.6%, according to the Financial Times. The consortium said it had received positive expressions ... Log in to view full article.