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Serena Williams’s Racket Maker Gets $5.5 Billion Chinese Bid

By Tony Seruga

Anta Sports offers to buy Finland’s Amer for 40 euros a share
Anta gearing up for Tokyo, Beijing Olympics in next four years

China’s Anta Sports Products Ltd. is gearing up for the Olympic Games in Asia with a 4.7 billion-euro ($5.5 billion) approach for one of the world’s biggest athletic gear makers.

Anta said it and Chinese buyout firm FountainVest Partners made an indicative offer for Amer Sports Oyj of Finland, which makes the Wilson tennis rackets used by Serena Williams as well as the Atomic and Salomon ski equipment. Under the non-binding approach, which is subject to due diligence and other conditions, shareholders would receive a cash consideration of 40 euros a share, Anta said in a statement Wednesday…

Serena Williams’s Racket Maker Gets $5.5 Billion Chinese Bid

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