Chi­nese group to buy sport­ing goods maker

The Bradenton Herald - - 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 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.

Sig­nif­i­cant mi­nor­ity in­vestors in the con­sor­tium in­clude Chip Wil­son, the bil­lion­aire founder of Lu­l­ule­mon Ath­let­ica, and Chi­nese in­ter­net gi­ant Ten­cent Hold­ings.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.