Amer Sports Corporation
STOCK EXCHANGE RELEASE
September 11, 2018 at 10:53 a.m.
Amer Sports confirms receipt of an indication of interest from a consortium
including ANTA Sports Products
Amer Sports Corporation notes recent media speculation and confirms that it has
received a non-binding preliminary indication of interest (the "Indication of
Interest") from a consortium comprising ANTA Sports Products Limited ("ANTA")
and the Asian private equity firm FountainVest Partners ("FountainVest") to
acquire the entire share capital of Amer Sports for cash consideration (the
"Consortium").
The Consortium has stated that making a cash tender offer on the basis of the
Indication of Interest is subject to a number of conditions, including
conducting a due diligence investigation, approval of the Board of Directors of
ANTA and the Investment Committee of FountainVest, availability of financing
from identified financing sources and receipt of a recommendation from the Board
of Directors of Amer Sports. Completion of any such cash tender offer 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.
At this time, 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 will release further information at an appropriate time if an
agreement is reached with the Consortium in respect of a transaction or any
discussions are terminated or abandoned.
For further information, please contact:
Kaisa Rotkirch, General Counsel, Legal Affairs, tel. +358 20 712 2531
Amer Sports Corporation
Samppa Seppälä, Director, Corporate Communications and IR
DISTRIBUTION
Nasdaq Helsinki
Main media
www.amersports.com
AMER SPORTS
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).
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