Deals
Serena Williams's Racket Maker Gets $5.5 Billion Chinese Bid
- Anta Sports offers to buy Finland’s Amer for 40 euros a share
- Anta gearing up for Tokyo, Beijing Olympics in next four years
Photographer: George Frey/Bloomberg
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China’s Anta Sports Products Ltd. is gearing up for the Olympic Games in Asia with a 4.7 billion-euro ($5.5 billion) approach for one of the world’s biggest athletic gear makers.
Anta said it and Chinese buyout firm FountainVest Partners made an indicative offer for Amer Sports Oyj of Finland, which makes the Wilson tennis rackets used by Serena Williams as well as the Atomic and Salomon ski equipment. Under the non-binding approach, which is subject to due diligence and other conditions, shareholders would receive a cash consideration of 40 euros a share, Anta said in a statement Wednesday.