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China's Anta Sports-led group buying Finland's Amer Sports for $5.2 billion

Reuters 

(Reuters) - A consortium led by China's Anta Sports made an offer to acquire Finland's Amer Sports in a deal that values the company at 4.6 billion euros ($5.23 billion), the Chinese firm said on Friday.The consortium, which includes Chinese tech giant Tencent Holdings Ltd, has offered 40 euros per share in cash for the maker of Wilson tennis racquets and branded outdoor gear.The deal represents a premium of 13.6 percent to Amer's last close and has been unanimously recommended by the board of the Helsinki-based firm.The consortium plans to operate Amer Sports independently from Anta, with a ...

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First Published: Fri, December 07 2018. 15:54 IST
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