US EditionChina's Anta Sports Exploring Bid for Puma
- On Thursday, Bloomberg reported Anta Sports Products is exploring a potential takeover of Puma with an adviser and may team up with a private equity firm if it proceeds.
- Puma's market value sits at �2.52 billion, and Artemis, the Pinault family holding company, is considering options for its 29% stake as Puma's share price roughly halved this year.
- Chinese rival Li Ning has discussed financing with banks, though it said it 'has not engaged in any substantive negotiations', while sources link ASICS and a Japanese sportswear company as potential suitors.
- Premarket indications showed Puma shares rising as takeover chatter emerged, while sources say the Pinault family's valuation expectations could hinder any transaction.
- A takeover would position bidders in a shifting global sportswear market as Puma under CEO Arthur Hoeld pursues a turnaround with less discounting and corporate restructuring, shaping buyer interest amid cross-border consolidation.
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57 Articles
The German company goes to the group Anta Sports
Allegedly, Chinese corporations are considering taking over the weakening predatory cat brand. This puts management under pressure to quickly defeat the crisis.
Puma's shares are skyrocketing this Thursday up to 15% on the Frankfurt Stock Exchange in the face of reports that Chinese Anta Sports Products, owner of sports brands such as Fila, is analyzing the possible acquisition of the German manufacturer of sportswear and footwear.
The crisis-ridden sporting goods manufacturer Puma has long been a candidate for takeover. Now, a media report is fueling speculation again. This is causing the share price to rise sharply.
Chinese Anta Sports, Japanese Asics Corp and Chinese Li Ning would be in the race to buy from German Puma, according to Bloomberg citing anonymous sources. About who are interested in the European firm, Anta Sports is also in the sports and clothing business, where she owns brands such as Fila and Jack Wolfskin. “She has won 9% in Hong Kong’s stock transactions this year, which has given her a market value of almost US$31 billion,” explains Bloo…
The German sporting goods manufacturer Puma struggles with weak sales. Now Asian corporations could incorporate the company.
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- 41% of the sources are Center, 41% of the sources lean Right
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