November 30, 2018
ELY will pay €418 million ($476 mm) for the Idstein, Germany-based outdoor apparel, footwear and equipment brand, a huge pivot for the golf brand representing its first acquisition completely outside of its core business.
The Chinese sneaker maker is syndicating a €2.2 billion five-year facility in Asia and another €1.7 billion seven-year term loan that will be syndicated in the EU in order to complete its acquisition of Amer Sports at €40 per share for a total of €4.7 billion, according to Bloomberg.
An unredacted version of the shareholder suit filed in Oregon State court accusing the Eager Beavertons of allowing a “boys’ club” culture, was released after a legal challenge by the Portland Business Journal.
While there has been no official announcement, Yahoo Sports reported that the Raptors forward has signed with New Balance in a deal that could be worth more than $5 million per year.
Comprehensive net income plummeted 92% to HK$17,732,000 ($2.3 mm) from HK$213,226,000 in the fiscal first half ended Sep. 30 despite 8% higher revenues of $644,260,000 ($81.8 mm) against $594,115,000.