Chinese Takeover of Salomon and Atomic on the Table
October 1, 2018
The Finland based Amer Sports group, which owns brands including Salomon, Atomic, and Arcteryx has confirmed with multiple news sources that they have been approached regarding a $5.3 billion all-cash takeover by a Chinese conglomerate that owns one of the country’s largest sportswear brands, Anta.
Such deals are always complicated, but here’s what we know:
1) This is not a done deal yet 2) However, it appears likely, at least on the face of it, that the deal will be done
The proposed acquisition appears to be motivated, at least in part, by the Chinese group seeking to capitalize on the hype surrounding the growing Chinese winter sports scene especially in the lead up to the 2022 Beijing Winter Olympics.
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