A consortium of investors led by Anta Sports Products, China's largest sporting goods company, commenced a public cash tender offer for all the shares of Amer Sports on Dec. 20, following the approval of their bid by Amer's board of directors and. unanimously recommending that its shareholders should accept the tender offer, after it analyzed alternative opportunities, and the endorsement by Nasdaq Helsinki. The tender period is set to expire on Feb. 28, 2019, with a possibility for extension, and the acquisition is expected to be completed during the second quarter of 2019 at the latest. As previously reported, the offer is conditional on regulatory approvals and on 90 percent of the shares being tendered. The investors are entitled to redeem any remaining shares beyond this limit. Amer will hold an extraordinary shareholders' meeting on Jan. 23 to amend the company's statutes in view of the tender offer.

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