Chi­nese group will buy Wil­son ten­nis racket maker for $5.2B

Pittsburgh Post-Gazette - - Business -

A Chi­nese in­vestor group led by Anta Sports Prod­ucts reached a $5.2 bil­lion deal to ac­quire the maker of Wil­son ten­nis rack­ets and Louisville Slug­ger base­ball bats, as it seeks to bring high-end ath­letic equip­ment to China’s wealthy con­sumers. The con­sor­tium, which in­cludes Chi­nese buy­out firm Foun­tainVest Partners, will of­fer share­hold­ers of Fin­land’s Amer Sports 40 eu­ros a share in cash or about 4.6 bil­lion eu­ros.

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