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Amer Sports confirms the price of indication of interest by consortium to acquire its shares.

Global Banking News-September 12, 2018-Amer Sports confirms the price of indication of interest by consortium to acquire its shares

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Sporting goods company Amer Sports Oyj (HEL:AMEAS) confirmed on Tuesday that, pursuant to a non-binding preliminary indication of interest, its shareholders would be entitled to receive a cash consideration of EUR40.00 per share for all of their shares in Amer Sports.

Amer Sports said that on 11 September 2018, in response to media speculation, it had confirmed the receipt of a non-binding preliminary indication of interest (the indication of interest) from a consortium comprising ANTA Sports Products Limited and the Asian private equity firm FountainVest Partners (the consortium) to acquire the entire share capital of Amer Sports.

Also, Amer Sports reminded its shareholders that this indication of interest is subject to a number of conditions and that completion of any cash tender offer by the consortium would be subject to further conditions.

Currently, Amer Sports is not engaged in any negotiations with the consortium and has made no decisions in respect of the indication of interest.

Amer Sports' brands include Salomon, Arc'teryx, Peak Performance, Atomic, Mavic, Suunto, Wilson and Precor.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Date:Sep 12, 2018
Words:207
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