Amer Sports Response to Media Speculation
On September 11, 2018, in response to media speculation, Amer Sports Corporation confirmed that it had received 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. Amer Sports further confirmed that, pursuant to the Indication of Interest, Amer Sports shareholders would be entitled to receive a cash consideration of EUR 40.00 per share for all of their shares in Amer Sports.
In relation to recent further media speculation, at the request of Nasdaq Helsinki Ltd, Amer Sports confirms that there have been certain discussions between Amer Sports and the Consortium and their respective advisors intended to ascertain whether there is a basis to commence a more formal process to facilitate a possible recommended transaction.
Amer Sports’ shareholders are reminded that implementation of the Indication of Interest remains subject to a number of pre-conditions including, but not limited to, approval of the Board of Directors of ANTA and the Investment Committee of FountainVest, satisfactory conclusion of the Consortium’s due diligence, availability of financing from identified financing sources and receipt of a recommendation from the Board of Directors of Amer Sports. Completion of a tender offer by the Consortium would in turn be subject to further conditions, including approval by shareholders holding at least 90% of the shares of Amer Sports and receipt of all necessary regulatory approvals.
Amer Sports will release further information at an appropriate time.
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Arc’teryx, Peak Performance, Atomic, Mavic, Suunto, Wilson and Precor. The company’s technically advanced sports equipment, footwear, and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group’s business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the Nasdaq Helsinki stock exchange (AMEAS).