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Anta Sports launches subsequent offer period for Amer Sports acquisition

ANTA Sports Products Ltd. on March 12 launched a subsequent tender offer period to allow more shareholders to tender their shares in its acquisition of Amer Sports Corp.

The shareholders can still tender their shares at the original price of €40 per share.

Anta already received 94.98% of the Amer Sports' shares in a tender offer that it extended to March 7, as it waited for final clearances from Mexico's Federal Economic Competition Commission. But it said in the release that it intends to acquire all the shares of Amer Sports.

The subsequent offer period will begin March 13 and end March 27. Anta expects to announce the final results of the subsequent tender offer March 28.