Under the ownership, there is an opportunity to continue to deliver our strong, sustainable, profitable growth with further acceleration in our strategic priorities including soft goods, direct-to-consumer, and China.”, Commenting on the takeover of Amer Sports, Ding Shizhong, Chairman and CEO of Anta Sports, said “We are delighted about the opportunity to invest in Amer Sports, a leading sporting goods company with a strong portfolio of internationally-recognized brands. Disclaimer: Any financial trading analysis offered here is our opinion and is not intended as advice or direction for investors. Amer shares rose as much as 9.4 percent to 38.50 euros in Helsinki. Comined, the two companies would become the third largest in the world’s sports industry, behind Nike and Adidas. (Bloomberg)—A Chinese investor group led by Anta Sports Products reached a $5.2 billion deal to acquire the parent company of Wilson Sporting Goods and Louisville Slugger baseball bats, as it seeks to bring high-end athletic equipment to China’s wealthy consumers. Finland, Amer Sports has acquired 11 companies, including 4 in the last 5 years. All quotes delayed a minimum of 15 minutes. +358 20 712 2500 Furthermore, the two companies and their brands complement each other well in geographical terms, making our geographical coverage more balanced,” says Mr Roger Talermo, CEO and President, Amer Sports. Lightfoot: ‘I fear for the safety of Wisconsin’, What's in store for the exec tapped to lead Cook County Health. Amer Sports, the Finnish parent company of Precor, Woodinville, Washington, will be acquired by China-based Anta Sports Products Limited, according to a recent release by Anta Sports. Friday, 07 December 2018 Amer Sports Corporation has confirmed a public cash tender to acquire the entire stake in the company’s business by a Chinese investor consortium led by Anta Sports Products Limited. Missing Crain's in print? The acquisition will have a minor positive impact on Amer Sports’ 2018 financial results. Designed specially for Asia, Tailor-made events to enable your growth with digitalization, International conferences and trainings for your edge of knowledge, Digital conference for identifying post-corona opportunities, A cross-industry summit to use sports and the outdoors to achieve the UN Sustainable Development Goals, Our quality seal for outstanding products, The stepping stone for start ups into the sports industry, Our platform for innovative performance textiles, The most important award for extraordinary products in the outdoor industry, Salomon, Arc'teryx or Peak Performance are Amer brands. Amer Sports expects that the acquisition will have a slightly positive impact on earnings per share in … Amer Sports and Salomon will continue to serve their customers around the world as before with their own separate sales forces. These synergies will mainly be achieved from industrial operations in the winter sports business. As a result of Mascot Bidco Oy gaining title to all shares in Amer Sports Corporation, Amer Sports was delisted from the Nasdaq Helsinki on 4 September, 2019. Portillo's, for one. The company also has a 40,000-square-foot innovation center in Schiller Park, which houses the company's research and development team that develops new products for golf, tennis, basketball and baseball, among other sports. Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group. Notably, the Helsinki-based company’s board of directors has already unanimously recommended the deal. Amer’s portfolio of well-known brands, including Salomon ski boots, Arc’teryx outdoor gear and Atomic winter equipment, is an attractive prospect for Anta ahead of the coming Olympic Games in Asia. American Express Co (NYSE: AXP) posted first-quarter earnings that declined from last year. Amer Sports Corporation has today completed the acquisition of Peak Performance from IC Group, announced on April 30, 2018. While the Q1 earnings beat estimates. In addition, synergies are expected in administration and R&D. €16.5 million) in the last 12 months. Anta Sports could raise Amer’s revenue contribution from the country to 10 percent by 2020 from the current 6 percent, according to Bloomberg Intelligence analyst Catherine Lim. A total of 1 acquisition came from private equity firms. Amer in 1989 acquired Chicago-based Wilson Sporting Goods, which makes sports equipment and apparel. Anta Sports is now also moving forward to the European area. As a group, however, the two companies would rise to become the world's number three in the sports industry behind Nike and Adidas. As a result, we can expect the stock to appreciate in the days to come. Can’t wait? The combined business will create a leading global sports equipment company with combined sales of EUR 1.7 billion and 6,800 employees. We are excited about joining Amer Sports given its competencies in winter sports. United Nations Sustainable development goals (SDGS), Corporate responsibility management and organisation, Largest shareholders and ownership structure, Mascot Bidco Oy Has Gained Title to All the Shares in Amer Sports Corporation and the Shares Have Been Delisted from Nasdaq Helsinki, Arbitral Tribunal Has Confirmed Mascot Bidco Oy’s Redemption Right Regarding Amer Sports Corporation’s Shares and Trading in Amer Sports Shares Has Been Suspended, Amer Sports financial information in ANTA Sports’ half-year report, Salomon: winter sports incl. China’s ANTA Sports Products Limited (OTC: ANPDY) is leading a consortium that is in the final stages of agreeing to acquire Finland’s Amer Sports Corporation (OTC: AGPDY) in an all-cash acquisition deal worth €4.6 billion ($5.2 billion). For quite some time, rumors of an offer by Anta Sports to take over Amer Sports were circulating, and the bid has now become official. China's largest sports brand has submitted an official offer for Finnish manufacturer Amer Sports, which has already been recommended by the company's board of directors. Thursday. The acquisition would also improve Anta's status in her own country.ry. The acquisition is subject to customary conditions including regulatory approvals. Please select at least one newsletter to subscribe. See here for a complete list of exchanges and delays. Join Mergr and gain access to Amer Sports’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the consumer products sector. Their earnings have missed by a mile and the. The bid to purchase Amer Sports, which owns brands such as Salomon, Arc’teryx, Wilson, Louisville Slugger, and Precor, was issued by Anta on September 12. Athletic-goods companies such as Adidas are also seeking to tap into a growing interest in healthy lifestyles among the nation’s consumers. Outlook, American Express Posts Mixed Q1 Results, Profit Dips 76%, Bristol Myers to Buy Heart Drug Focused MyoKardia for $13bln, Eurozone Retail Sales Grew 4.4% m-o-m in August, Crypto Focused Swipe Unveils New Visa DeFi Lending Card, Tesla Third-Quarter Deliveries Beats Estimates Slightly, PepsiCo Beats Q3 Estimates as Pandemic Boosts Snacks Sales, US Pending Home Sales Increased 8.8% m-o-m in August, Daimler Reveals Several Blockchain Identity Projects, Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion, Mask Network Facilitates Uniswap Trading on Twitter, Mexico Unemployment Declines Slightly to 5.2% in August. www.amersports.com. Join Mergr and gain access to Amer Sports’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the consumer products sector. The consortium has offered 40 euros per share in cash for the maker of Wilson tennis racquets and branded outdoor gear. Anta, along with a group of funders, is offering €4.6 billion for the takeover. Amer Sports is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc’teryx, Mavic, Suunto. TradersAsset may receive commissions from advertisers on this website. The sale, pending finalization, will take the publicly traded Amer Sports private. The best source in Chicago for exclusive commercial real estate news. Tuesday-Thursday. alpine and cross-country skis, snowboards, boots and bindings, inline skates, footwear, and apparel, Arc’Teryx: technical outwear, harnesses, layering systems and backpacks. Amer Sports expects that the acquisition will have a slightly positive impact on earnings per share in the current fiscal year as well as in 2006. It has also divested 4 assets. “We have enjoyed being part of the adidas-Salomon Group for the last eights years, during which time Salomon developed significant positions for freedom action sports, both in the winter and summer sports market. “Salomon has been a great member of our Group. Amer Sports is financing the transaction with debt, which is expected to bring its gearing ratio to approximately 110% at the Company’s financial year end, 31 December 2005. Beijing will host the Winter Olympics in 2022, providing a springboard for sales of skis and snowboards, while the 2020 Summer Games in Tokyo will offer a showcase for other Amer brands. Monday, Wednesday and Friday at 5:30 a.m. Monday-Thursday. You can send us an email. The Chinese government is pushing to expand in sports ranging from soccer to skiing, as well as the industries that supply equipment for competitors and weekend enthusiasts. Cooper's Hawk comes to the city. Technically, the stock has bounced after testing support at 105 levels. If you continue to use this site we will assume that you are happy with it. If the deal goes through successfully, it would be the biggest acquisition made by a Chinese company in 2018. Our Standards: The Thomson Reuters Trust Principles. 150 N. Michigan Ave. Monday-Friday at 7 a.m. A roundup of the day's important business news. Estimated to be worth 4.4 billion euros, Amer Sports last reported annual sales of 2.7 billion euros and employs around 9,500 people. Furthermore, the offered price represents a premium of 43% on the VWAP (Volume Weighted Average Price) of Amer Sports shares during the 3-month period that ended September 10, 2018. Specifically, Arc’teryx has already built up a good name in China. Anta said in September it had teamed up with FountainVest to make an indicative offer for Amer at 40 euros a share. Citigroup is advising the consortium while Goldman Sachs is the advisor for Amer Sports, according to people familiar with the transaction. The consortium has offered price under the tender offer of 40 euros in … ANTA Sports To Acquire Amer Sports For €4.6 billion. The combined business will create a leading global sports equipment company with combined sales of EUR 1.7 billion and 6,800 employees. 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