Amer Sports Corporation's acquisition of the Salomon business segment from adidas-Salomon AG is now anticipated to be completed in mid-October, instead of at the end of September as expected earlier. The change is due to the EU competition authorities' revised processing schedule and will not impact the financial terms of the transaction. Salomon consolidation within Amer Sports Corporation is still expected to commence on October 1, 2005.
Amer Sports announced the acquisition on May 2, 2005. The two companies are expected to provide more detail on the transaction once it is completed. More information regarding Salomon's business operations and their integration into the Amer Sports Corporation will also be provided upon completion of the acquisition.