The consortium led by China’s Anta Sports seeking to acquire Amer Sports on December 20 commenced the voluntary recommended public cash tender offer for all the issued and outstanding shares in Amer Sports Corp
As announced on December 7, 2018, Mascot Bidco Oy, the name of the consortium, and Amer Sportshave, together with Mascot JVCo (Cayman) Limited and members of an Investor Consortium including Anta Sports Products Limited; FV Mascot JV, L.P., an investment vehicle managed by FountainVest Partners; and Anamered Investments Inc., an investment vehicle owned by Lululemon founder Chip Wilson on December 7, 2018 entered into a combination agreement under which Mascot Bidco Oy undertook to make a voluntary recommended public cash tender offer to purchase all of the issued and outstanding shares in Amer Sports. Those purchases exclude, any shares of Amer Sports which are held by Amer Sports or its subsidiaries. Anta Sports, FV Fund, Anamered Investments and Tencent Holdings Limited, which will invest through Mount Jiuhua Investment Limited as a limited partner in FV Fund, together form the investor consortium.
The Finnish Financial Supervisory Authority has on December 19, 2018 approved the tender offer document relating to the Tender Offer. Pursuant to the commencement of the tender offer, the acceptance period for the Tender Offer will commence on December 20, 2018 at 9:30 a.m. (Finnish time) and expire on February 28, 2019 at 4:00 p.m. (Finnish time). Mascot Bidco Oy reserves the right to extend the Offer Period in accordance with the terms and conditions of the Tender Offer.
Pursuant to the release of the Offeror published today, the Tender Offer Document will be available in Finnish from December 20, 2018 onwards at Nasdaq Helsinki, Fabianinkatu 14, FI-00130 Helsinki, Finland. An electronic version of the Tender Offer Document will be available in Finnish from December 20, 2018 onwards online at http://ir.anta.com/en/news_amer.php, www.amersports.com/sijoittajat/ostotarjous and www.nordea.fi/osakkeet, and in English from December 20, 2018 onwards online at http://ir.anta.com/en/news_amer.php, www.amersports.com/investors/tender-offer and www.nordea.fi/equities.
Amer Sports owns Salomon, Arc’teryx, Peak Performance, Atomic, Mavic, Suunto, Wilson and Precor.