It is the second source of capital and Tencent through FV Fund as the holder of the consortium. In addition, Chip Wilson is the founder of lululemon, a well-known sportswear brand.
The transaction was priced at 40 euros per share, a 39% premium to the closing price of Amer Sports shares on the Nasdaq Helsinki Stock Exchange on the original disclosure date and a 14% premium to the closing price on December 5. It is expected that the tender offer will be completed by the second quarter of 2019 at the latest.
Anta said it plans to privatize Amer Sports after the acquisition. The Investor Consortium's plan is that Amer Sports will operate independently of Anta and have an independent board of directors. Investor consortium has invited Heikki Takala (president and CEO of Amer Sports) and its key executives to continue to lead its business.
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