News briefs - Corporate and M&A – Page 132
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News briefs
Amer Sports has issued a floating-rate bond to raise 500...
Amer Sports has issued a floating-rate bond to raise 500 million Swedish kronor (€55.0m-$79.5m), targeted at institutional investors in the Nordic countries and quoted on Helsinki's Nasdaq counter. The proceeds will be used for debt repayment and general corporate purposes.
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News briefs
Umbro International has raised its stake in Noël Soccer, the...
Umbro International has raised its stake in Noël Soccer, the company that holds the Umbro license for France, from 49 to 100 percent. With a staff of nearly 50 people, Noël Soccer reportedly generated sales of €38 million in 2009. The terms of the acquisition could not be learned, but ...
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News briefs
Sports Direct International has refinanced its banking arrangements to provide...
Sports Direct International has refinanced its banking arrangements to provide funding to pursue its business and strategic objectives (Editor's Note: including a presence in most European countries). It has a contracted a new three-year unsecured credit facility of £220 million (€250.6m-$353.8m) with a group of 10 banks led by HSBC, ...
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News briefs
The Spanish Intersport organization has convened its members to a...
The Spanish Intersport organization has convened its members to a general assembly and an extraordinary meeting on March 31. The idea is for the cooperative to form a new limited partnership where the bigger members have more votes, as is the case for the Intersport organizations in France and Sweden.
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News briefs
Hummel moves its headquarters from the suburbs of Aarhus to...
Hummel moves its headquarters from the suburbs of Aarhus to the centrally located harbor of the Danish city. According to the company, an open location by the sea will reinforce the essential features of its brand, described as uniqueness, creativity and innovation. In the next few years, construction projects worth ...
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News briefs
Alfa Sko and A-Sport, which has held the Alfa license...
Alfa Sko and A-Sport, which has held the Alfa license to develop and sell ski boots for extremely harsh weather conditions since 2006, are merging into a single company called Alfa Sko AS. Pål Olimb, a former marketing director of Alfa and major shareholder and general manager of A-Sport, will ...
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News briefs
More than 20 companies have reportedly looked at possibly bidding...
More than 20 companies have reportedly looked at possibly bidding for Acushnet, the golf division that Fortune Brands wants to divest, but only four are said to be likely to be part of the process. The valuation for this division, which includes Titleist and FootJoy, is given at between $800 ...
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News briefs
Billabong International could be a potential takeover target for the...
Billabong International could be a potential takeover target for the French luxury and sporting goods conglomerate PPR, according to the Italian economic daily Il Sole 24 Ore. PPR, which owns Puma and is selling its retail business, could line up €4-5 billion to buy additional luxury and/or sportswear businesses. Ot ...
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News briefs
Shortly after Fischer announced its new strategic partnership with Halti...
Shortly after Fischer announced its new strategic partnership with Halti to develop and market Fischer branded apparel, it now says that it has teamed up with Dainese to create a collection of protective equipment for alpine skiing. The Italians will provide a collection of five co-branded protectors that will be ...
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News briefs
Jim Davis, the chairman of New Balance, has bought two...
Jim Davis, the chairman of New Balance, has bought two properties next to the company's headquarters in Brighton, Massachusetts, reports The Boston Herald. The land, which cost $26.5 million, will be the site of a $235 million development including office buildings, a hotel, a movie theater, shops and a park. ...
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News briefs
Amer Sports is going to expand the capacity of its...
Amer Sports is going to expand the capacity of its Pamporovo ski factory in Chepelare, Bulgaria, over the next three years, and expects to spend about $5.5 million on the effort. The expansion should increase capacity to about 900,000 to one million pairs per year, representing about two-thirds of the ...
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News briefs
The board of directors of Amer Sports has decided to...
The board of directors of Amer Sports has decided to increase the annual dividend to 30 cents of a euro per share for its improved 2010 results from 16 cents of a euro in the previous year. The board has also confirmed Anssi Vanjoki and Ilkka Brotherus in their current ...
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News briefs
Goode Ski Technologies, the American maker of premium carbon-fiber water...
Goode Ski Technologies, the American maker of premium carbon-fiber water and snow skis, is moving its production from China to Ogden, Utah. In the near term, this should mean 20 to 30 new employees, perhaps rising as high as 100 in the next couple of years. Ogden is also a ...
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News briefs
Avance Diffusion, the French group that owns Degré 7, has...
Avance Diffusion, the French group that owns Degré 7, has agreed to acquire some of the assets of Clayeux, a small French brand of children's wear. The group, which reached sales of €23 million, is planning to launch a children's line called Dégré 7 by Clayeux.
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News briefs
Head announced that it has spent €4,169,119 to buy back...
Head announced that it has spent €4,169,119 to buy back nearly 8.9 million of its shares, equal to 10.06 percent of Head N.V.'s share capital. The acquired shares will be used to fulfill Head's outstanding obligations under its stock option program.
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News briefs
Bauer Performance Sports has completed its private offering, raising a...
Bauer Performance Sports has completed its private offering, raising a total of 75 million Canadian dollars (€53 m- $76m) that will be used to acquire 100 percent of the shares in Kohlberg Sports Group. The latter bought Bauer from Nike in April 2008 for US$196.7 million.
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News briefs
More and more names make it into the buzz about...
More and more names make it into the buzz about the sale of Jack Wolfskin. Most recently, a couple of names were said to be in the race, including VF Corporation, the parent company of The North Face. The latest candidate mentioned by the German press is an interesting one: ...
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News briefs
Trevira, the German polyester producer, has two owners now. Indorama...
Trevira, the German polyester producer, has two owners now. Indorama Ventures of Bankgok has acquired a 75 percent stake in the company. Italy's Sinterama owns the balance. Trevira's former personnel director, Klaus Holz, has been appointed chief executive, replacing Uwe Wöhner who let at the beginning of this year.
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News briefs
Invista's plans to build a new production facility in the...
Invista's plans to build a new production facility in the Shanghai Chemical Industry Park are going forward after a recession-related delay. It should help meet the region's need for nylon 6,6 intermediates and polymer. It is currently working on an environmental impact assessment, and should start construction on the facility ...
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News briefs
Moncler could be floated on the Milan stock exchange by...
Moncler could be floated on the Milan stock exchange by the summer, said Marco De Benedetti, who is in charge of the Italian operations of the private equity firm Carlyle, in an interview with theItalian financial daily Il Sole 24 Ore. Carlyle owns 48 percent of Moncler. The other main ...
