Without Consolidated Financials, Amer's Post-Acquisition Performance Is Set To Be Opaque
Details coming out of narrow-moat Anta’s official tender offer to acquire Amer are of little surprise. As previously rumored, both Tencent and Chip Wilson will each take up stakes in the Anta-led buyout consortium. With Amer’s board of directors unanimously recommending the deal, the offer will be presented to shareholders for approval. Given the 39% premium, Anta and its partners are paying; we continue to think the deal is more likely than not to go through. Upon Amer shareholders' approval, A...ANTA Sports Products is principally engaged in the manufacturing, trading and distribution of sporting goods, including footwear, apparel and accessories, in the People's Republic of China. As of Dec 31 2014, there were 7,662 ANTA Stores, 1,228 Kids sportswear series stores and 519 FILA stores in China, Hong Kong and Macao.
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