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HELSINKI, Finland--(BUSINESS WIRE)--Dec 2, 2024-- Amer Sports, Inc. (NYSE: AS) (“Amer Sports”), a global group of iconic sports and outdoor brands, announced today the launch of a public offering of 34,000,000 ordinary shares. In connection with the offering, Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 5,100,000 ordinary shares. Amer Sports intends to use the net proceeds it receives from the proposed offering to repay a portion of our outstanding borrowings under our term loan facilities. BofA Securities and J.P. Morgan are acting as joint book-running managers for the proposed offering. Goldman Sachs, Morgan Stanley, Citigroup and UBS Investment Bank are acting as bookrunners for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov . Alternatively, copies of the preliminary prospectus may be obtained from BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC, 28255-0001, Attn: Prospectus Department, by email at dg.prospectus_requests@bofa.com ; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com and postsalemanualrequests@broadridge.com . A registration statement on Form F-1 relating to the proposed offering has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering. About Amer Sports, Inc. Amer Sports is a global portfolio of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Peak Performance, Atomic, and Armada. Our brands are known for their detailed craftsmanship, unwavering authenticity, and premium market positioning. As creators of exceptional apparel, footwear, and equipment, we pride ourselves on cutting edge innovation, performance, and designs that allow elite athletes and everyday consumers to perform their best. With over 11,400 employees globally, Amer Sports’ purpose is to elevate the world through sport. Our vision is to be the global leader in premium sports and outdoor brands. With corporate offices in Helsinki, Munich, Kraków, New York, and Shanghai, we have operations in 40+ countries and our products are sold in 100+ countries. Amer Sports generated $4.4 billion of revenue in 2023. Forward Looking Statements This press release includes statements relating to a potential offering of ordinary shares of the Company that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In many cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “target,” “outlook,” “believes,” “intends,” “estimates,” “predicts,” “potential” or the negative of these terms or other comparable terminology. These statements are based on management’s current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of factors relating to, without limitation: the strength of our brands; changes in market trends and consumer preferences; intense competition that our products, services and experiences face; harm to our reputation that could adversely impact our ability to attract and retain consumers and wholesale partners, employees, brand ambassadors, partners, and other stakeholders; reliance on technical innovation and high-quality products; general economic and business conditions worldwide, including due to inflationary pressures; the strength of our relationships with and the financial condition of our third-party suppliers, manufacturers, wholesale partners and consumers; ability to expand our DTC channel, including our expansion and success of our owned retail stores and e-commerce platform; our plans to innovate, expand our product offerings and successfully implement our growth strategies that may not be successful, and implementation of these plans that may divert our operational, managerial and administrative resources; our international operations, including any related to political uncertainty and geopolitical tensions; our and our wholesale partners’ ability to accurately forecast demand for our products and our ability to manage manufacturing decisions; our third party suppliers, manufacturers and other partners, including their financial stability and our ability to find suitable partners to implement our growth strategy; the cost of raw materials and our reliance on third-party manufacturers; our distribution system and ability to deliver our brands’ products to our wholesale partners and consumers; climate change and sustainability or ESG-related matters, or legal, regulatory or market responses thereto; changes to trade policies, tariffs, import/export regulations, anti-competition regulations and other regulations in the United States, EU, PRC and other jurisdictions, or our failure to comply with such regulations; ability to obtain, maintain, protect and enforce our intellectual property rights in our brands, designs, technologies and proprietary information and processes; ability to defend against claims of intellectual property infringement, misappropriation, dilution or other violations made by third parties against us; security breaches or other disruptions to our IT systems; changes in government regulation and tax matters; our ability to remediate our material weakness in our internal control over financial reporting; our relationship with our significant shareholders; other factors that may affect our financial condition, liquidity and results of operations; and other risks and uncertainties set out in filings made from time to time with the SEC and available at www.sec.gov , including, without limitation, our reports on Form 20-F and Form 6-K. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. Source: Amer Sports, Inc. View source version on businesswire.com : https://www.businesswire.com/news/home/20241202071396/en/ CONTACT: Investor Relations: Omar Saad Vice President, Finance and Investor Relations omar.saad@amersports.comMedia : Reeta Eskola Director, Communications reeta.eskola@amersports.com KEYWORD: FINLAND EUROPE INDUSTRY KEYWORD: FASHION FOOTWEAR RETAIL SPORTS OUTDOORS SPECIALTY SOURCE: Amer Sports, Inc. Copyright Business Wire 2024. PUB: 12/02/2024 04:43 PM/DISC: 12/02/2024 04:43 PM http://www.businesswire.com/news/home/20241202071396/en
Friday's matchup between the Boston Bruins and Pittsburgh Penguins had plenty of dramatics despite being a modest three-goal event. The NHL’s Department of Player Safety involved itself Saturday, bestowing a $5K fine on Pittsburgh forward Evgeni Malkin for slashing and fining Boston defenseman Nikita Zadorov $5K for unsportsmanlike conduct. Both fines serve as the maximum allowable under the current Collective Bargaining Agreement. Both incidents are a part of the same event and happened relatively early in the game. According to video evidence provided by TSN , Zadorov began poking Malkin from the bench with his stick. Malkin was positioned on the offensive zone blue line and an offside was called on the Penguins shortly after. Malkin immediately took exception to the poke and violently swung his stick at the Bruins’ bench. His stick made contact with Bruins defenseman Mason Lohrei and a scrum between the two teams began. Zadorov and Malkin were given minor penalties on the play, but the Department of Player Safety reasonably didn’t want it to end there. It’s not the first time either player has received supplementary discipline from the Department of Player Safety in their careers. This article first appeared on Pro Hockey Rumors and was syndicated with permission.CLEVLEAND — Shane Bieber's comeback with Cleveland has double meaning. And deeper meaning. The former Cy Young winner re-signed with the Guardians on Wednesday, a reunion that seemed unlikely when he became a free agent following last season. However, the 29-year-old Bieber decided to stick with the AL Central champions after making just two starts in 2024 before undergoing Tommy John surgery. There were other offers. None of them matched what he already had in Cleveland. “It's the relationships,” Bieber said on a Zoom call. "The development staff. The coaching staff. My teammates. Having continuity and familiarity in those realms I feel like can prove beneficial not only to me but my family and everybody really involved. "That was big for me to feel confident in my rehab where I’m at right now. Nobody knows me as well as Cleveland does and vice versa, so I’m happy to be continuing with them." Bieber agreed last week to a one-year, $14 million contract . The deal includes a $16 million player option for 2026. Not long ago, it seemed as if Bieber, who is 62-32 with a 3.22 ERA in 132 starts over seven seasons for Cleveland, was determined to continue his career elsewhere. He had turned down previous long-term offers in the past from the Guardians, and it was expected he would sign with another contender, likely on the West Coast. But the California native has a special connection with the Guardians, who selected him in the fourth round of the 2016 draft. And while a setback, the injury and surgery helped Bieber realize that he was already in the perfect place. “I had plenty of great meetings and beneficial and progressive meetings with other ball clubs,” he said. "Everybody handled everything first class all the way, and I’ve got great things to say about plenty of other organizations. “Ultimately, Cleveland made the call and I was happy to receive it and come to terms and so I’m happy with where I’m at. My family’s ecstatic. It was very clearly the right decision for not only myself, my family, and we’re excited to continue it.” Bieber, who won the AL Cy Young in the pandemic-shortened 2020 season, threw only 12 innings last season before lingering issues with his elbow forced him to have surgery. He is expected to join Cleveland's rotation at some point in 2025. He's throwing three days a week at 90 feet and encouraged by his progress. As for when he'll take the mound in a game, that's currently unknown. “I’m pushing, pushing, pushing.” he said. “I feel great. I haven’t skipped a beat. When I ask for a (return) date, they don’t even give me a date. So there’s a long way to go.” A two-time All-Star, Bieber burst onto the national stage in 2019 when he was named MVP of the midsummer event in Cleveland. He has the highest strikeout ratio per nine innings (10.2) and third-highest winning percentage (.660) in the franchise's 124-year history. Bieber is one of just three Cleveland pitchers to start five season openers, joining Stan Coveleski (1917-21) and Corey Kluber (2015-19). While Bieber had some elbow issues in the past, he didn't appear to be struggling before being shut down. He struck out 11 in six scoreless innings against Oakland on March 28, and followed that up with six more shutout innings at Seattle on April 2. Days later, and with his season officially over, Bieber became emotional during a news conference at Progressive Field. He knew that in the short-term his life would be different and baseball, as he had always known it, would be on the backburner. Bieber said it took a while before he “digested” his new reality. He coped by immersing himself in his recovery, and Bieber found joy in watching his teammates storm through an unexpected season to a division title. Although it may not have been the same because he wasn't contributing on the field the way he always had, the hardships may have given Bieber something he needed. “It’s provided a lot of perspective,” he said. “It was a hard season this year for me and my family, but it was a great one. We’re expecting a baby and it was a season full of growth and I’m very excited to continue that into 2025.” AP MLB: https://apnews.com/hub/MLB
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MARRIED At First Sight star Jordan Gayle has revealed he has split from his girlfriend after five months together. Earlier this year, Jordan , 27, went Instagram official with Australian beauty Melissa Golik,32, who works as a nurse. Advertisement 4 Jordan Gayle has split from his girlfriend Melissa Golik Credit: instagram/jordanrmgayle 4 The E4 star said he was heartbroken over another split Credit: Instagram But the pair have called time on their relationship, leaving the E4 star heartbroken just nine months after splitting from co-star Erica Roberts , 26 . Jordan took to his Instagram story to share the sad news. He wrote: "It's with a heavy heart that I announce I've gone through another break-up," followed by a broken heart emoji. Jordan continued: "When you are from the other sides of the world it makes it very difficult to work." Advertisement READ MORE ON MAFS bad blood MAFS UK’s Polly takes savage swipe at groom Adam after rumours she’s moved on SECRET SMOOCH MAFS scandal as show star reveals she KISSED another bride’s husband He added: "I wish nothing but happiness for Mel." Back in August, Jordan shared a slew of snaps with Melissa. In the images, the new couple were seen sipping on cockatils as they enjoyed romantic nights out in London. Jordan couldn't keep his eyes off the beauty as they partied in China Town and cosied up in a swanky-looking club. Advertisement Most read in News TV BIG BREAK ‘Women would be safer if men were under curfew,’ actor on new house arrest show TELLY CLAIM MasterChef's Gregg Wallace steps aside as star accuses him of 'sexualised' joke TOP TELLY BBC Scotland's Christmas schedule revealed - including Sir Alex Ferguson doc BALLSED UP Lorraine apologises on air for using phrase she 'didn't know' was a swear word Jordan wrote in his caption: "Life with you," followed by heart and lock emojis and an Australian flag. In July, the reality star reignited a very bitter feud with Erica, accusing her of recording '14 TikToks about him'. My fame-hungry MAFS ex-wife Erica Roberts' bitter rants about red flags are mind-blowing, says Jordan Gayle Exes at war Jordan hit back at his ex in a podcast and claimed she has 'dragged his name through the mud' with her videos. Erica, however, clapped back and insisted her videos are NOT about him. Advertisement But Jordan said on The Bro'Cast Podcast : "So she's done 14 TikToks where everyone has assumed it's about me. "Everyone has flooded to my page, viewed my Stories, sent me messages, saying, 'Look what she's saying about you'... that I'm toxic or my behaviour was horrible. I've done this, this, this. "She's aware that people are assuming it's about me. "Whether it is about me or it isn't, the fact that people are assuming it's about me is bringing all this negativity. It's making people look negatively at me. Advertisement "It's dragging my name through the mud. To me, I would never do that because it's not worth social media views and I wouldn't do that to anyone." Jordan added: "If I don't start defending myself, it's going to run away. This has been going on for four months now." Jordan shared a clip from the podcast on his Instagram account and added screenshots from Erica's TikTok account to it. One was from a video of Erica rolling her eyes with the caption: "I focused on myself after the breakup and you had to go seek validation from multiple women." Advertisement Erica has insisted the TikToks are nothing to do with Jordan, however, and hit back on his Instagram page. She blasted: "You are genuinely clutching at straws here. "Did I not message you 3 weeks ago to clear up that my TikTok’s were NOT about you as I’d seen you on multiple podcasts trying to run with this false narrative, so why are you still going please stop flattering yourself. "I’ve not spoken about you or the break up once online you’re the only one still yapping on." Advertisement She added: "Please go heal and move on." Jordan and Erica appeared on last year's series of Married At First Sight and tied the knot within seconds of setting eyes on each other. Their relationship appeared to be going well once outside of the TV experiment, but The Sun revealed they had split in February. A source said at the time: "It was Erica that ended her marriage with Jordan... she did everything possible to make it work but sadly they struggled and in the end, she had no choice but to give up." Advertisement Jordan previously spoke out and said he felt "a mug" for falling so hard and fast for Erica on the show last year. The fitness fanatic admitted in another podcast: “I feel like a mug for falling as hard as I did. Read more on the Scottish Sun SIP SIP HOORAY Exact time Coca-Cola truck arrives in Scotland tomorrow for Xmas tour FESTIVE CHEER Scots Xmas market tops London's Winter Wonderland as 'most stunning' in UK "It’s weird because I’ve not got emotional about it for a long time because I think I've been holding it back a bit." He added: "I didn’t care about any of the fame or the opportunities or any of the money, so losing the relationship was like the be all and end-all for me.” Advertisement 4 Jordan and MAFS co-star Erica Roberts split nine months ago Credit: Instagram 4 The pair reignited their feud over social media Credit: Channel 4
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