Inside the outdoor industry

Mascot Bidco completes Amer offer

Cash tender offer acceptance period expired

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Finnish company Mascot Bidco has made a cash offer for Amer Sports, which has been accepted by the board.

The firm commenced on December 20, 2018 a voluntary public cash tender offer recommended by the Board of Directors of Amer Sports Corporation to purchase all the issued and outstanding shares in Amer Sports that are not held by Amer Sports or any of its subsidiaries.

The acceptance period expired on March 7, 2019.

According to the final results of the Tender Offer, the shares tendered into the Tender Offer represent approximately 94.98 percent of all the shares and votes in Amer Sports (excluding shares held by Amer Sports or any of its subsidiaries).

The completion of the offer is subject to more than 90 percent of all the outstanding shares and votes in Amer Sports, together with any other outstanding Amer Sports shares held by the Offeror, having been tendered in the Tender Offer.

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