Anta shareholders approve Amer acquisition - sportstextiles: Lea SportsTextiles

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Anta shareholders approve Amer acquisition

22/02/2019
Chinese sports group Anta held an extraordinary general meeting on February 22, during which its shareholders voted to approve the group’s involvement in the acquisition of Amer Sports.

More than 99% of the total votes cast were in favour of the acquisition. 

Anta is leading a consortium that has launched a takeover bid for the Finnish group. The consortium also includes Hong Kong-based private investment group FountainVest Partners, internet giant Tencent Holdings, and Anamered Investments, an investment company owned by the founder of Lululemon, Chip Wilson. 

The offer values Amer Sports at €4.6 billion. 

Earlier, both Anta and Amer confirmed that the offer period for the cash tender offer for all shares had been extended to March 7. It had previously been due to expire on February 28. 

Related stories:

Lululemon founder takes stake in Anta Sports 03/07/2019
Lululemon reports one of ‘strongest years yet’ 28/03/2019
Amer Sports explores sale of Mavic cycling brand 15/03/2019
Anta-led consortium targets full control of Amer Sports 12/03/2019
Another year of strong growth for Anta Sports 26/02/2019
Apparel drove Amer to record sales in 2018 08/02/2019
Amer directors cleared to sell their shares to Anta-led consortium 24/01/2019
Amer Sports directors call extraordinary general meeting re sale 07/01/2019
Anta-led consortium makes offer for Amer Sports 07/12/2018
Amer Sports still focused on organic growth despite Chinese bid 20/09/2018

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