Latest news with #NYSE
Yahoo
37 minutes ago
- Business
- Yahoo
Amer Sports Announces Pricing of Secondary Offering of Ordinary Shares
NEW YORK, May 29, 2025--(BUSINESS WIRE)--Amer Sports, Inc. (the "Company") (NYSE: AS) today announced the pricing of a previously announced secondary offering of 35,000,000 ordinary shares by entities affiliated with FountainVest Partners (the "Selling Shareholder") at a price to the public of $37.20 per share. The Company is not selling any ordinary shares in the offering and will not receive any proceeds from the offering. The offering is expected to close on May 30, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers for the offering. The issuer has filed an automatically effective registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, including the documents incorporated by reference therein, any accompanying prospectus supplement and other documents the issuer has filed or will file with the SEC for more complete information about the issuer and this offering. You may get these documents, when available, for free by visiting EDGAR on the SEC website at Copies of the prospectus and any accompanying prospectus supplement related to the offering may be obtained, when available, from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ and BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email: This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or 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. Forward-Looking Statements This press release contains statements that constitute 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. Many of the forward-looking statements contained herein can be identified by the use of forward-looking words such as "anticipate," "believe," "may," "will," "expect," "could," "target," "predict," "potential," "should," "plan," "intend," "estimate" and "potential," and similar expressions. Forward-looking statements appear in a number of places herein and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified under the section titled "Item 3. Key Information—D. Risk Factors" in our Annual Report on Form 20-F for the most recently ended fiscal year, which may be updated from time to time in our other filings with the SEC. These risks and uncertainties include factors relating to: 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 the expansion and success of our retail stores and e-commerce platforms; 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; changes in trade policies, including tariffs and other trade restrictions; 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-related matters, or legal, regulatory or market responses thereto; current and further changes to trade policies, tariffs, import/export regulations and, anti-competition regulations in the United States, EU, PRC and other jurisdictions, or our failure to comply with such regulations, may have a material adverse effect on our reputation, business, financial condition and results of operations; the use and reliance on artificial intelligence can potentially cause intellectual property rights issues, security vulnerabilities, harm our business reputation, negatively impact our operations and impact our financial results; ability to obtain approvals from PRC authorities to remain listed on the U.S. exchanges and offer securities in the future; 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 information technology ("IT") systems; our reliance on a large number of complex 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 ANTA Sports Products Limited ("ANTA Sports"); our expectations regarding the time during which we will be a foreign private issuer; and other risk factors discussed under "Item 3. Key Information—D. Risk Factors" in our Annual Report on Form 20-F for the most recently ended fiscal year, which may be updated from time to time in our other filings with the SEC. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of an unanticipated event. About Amer Sports, Inc. Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic. 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 13,400 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 42 countries and our products are sold in 100+ countries. Amer Sports generated $5.2 billion in revenue in 2024. Amer Sports, Inc. shares are listed on the New York Stock Exchange. Source: Amer Sports, Inc. View source version on Contacts Investor Relations: Omar SaadSenior Vice President Group Investor Relations and Capital Media: Päivi AntolaSenior Vice President, Communicationsmedia@
Business Wire
38 minutes ago
- Business
- Business Wire
Amer Sports Announces Pricing of Secondary Offering of Ordinary Shares
NEW YORK--(BUSINESS WIRE)--Amer Sports, Inc. (the "Company") (NYSE: AS) today announced the pricing of a previously announced secondary offering of 35,000,000 ordinary shares by entities affiliated with FountainVest Partners (the 'Selling Shareholder') at a price to the public of $37.20 per share. The Company is not selling any ordinary shares in the offering and will not receive any proceeds from the offering. The offering is expected to close on May 30, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers for the offering. The issuer has filed an automatically effective registration statement (including a prospectus) with the Securities and Exchange Commission (the 'SEC') for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, including the documents incorporated by reference therein, any accompanying prospectus supplement and other documents the issuer has filed or will file with the SEC for more complete information about the issuer and this offering. You may get these documents, when available, for free by visiting EDGAR on the SEC website at Copies of the prospectus and any accompanying prospectus supplement related to the offering may be obtained, when available, from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ and BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email: This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or 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. Forward-Looking Statements This press release contains statements that constitute 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. Many of the forward-looking statements contained herein can be identified by the use of forward-looking words such as 'anticipate,' 'believe,' 'may,' 'will,' 'expect,' 'could,' 'target,' 'predict,' 'potential,' 'should,' 'plan,' 'intend,' 'estimate' and 'potential,' and similar expressions. Forward-looking statements appear in a number of places herein and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified under the section titled 'Item 3. Key Information—D. Risk Factors' in our Annual Report on Form 20-F for the most recently ended fiscal year, which may be updated from time to time in our other filings with the SEC. These risks and uncertainties include factors relating to: 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 the expansion and success of our retail stores and e-commerce platforms; 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; changes in trade policies, including tariffs and other trade restrictions; 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-related matters, or legal, regulatory or market responses thereto; current and further changes to trade policies, tariffs, import/export regulations and, anti-competition regulations in the United States, EU, PRC and other jurisdictions, or our failure to comply with such regulations, may have a material adverse effect on our reputation, business, financial condition and results of operations; the use and reliance on artificial intelligence can potentially cause intellectual property rights issues, security vulnerabilities, harm our business reputation, negatively impact our operations and impact our financial results; ability to obtain approvals from PRC authorities to remain listed on the U.S. exchanges and offer securities in the future; 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 information technology ('IT') systems; our reliance on a large number of complex 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 ANTA Sports Products Limited ('ANTA Sports'); our expectations regarding the time during which we will be a foreign private issuer; and other risk factors discussed under 'Item 3. Key Information—D. Risk Factors' in our Annual Report on Form 20-F for the most recently ended fiscal year, which may be updated from time to time in our other filings with the SEC. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of an unanticipated event. About Amer Sports, Inc. Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Peak Performance, and Atomic. 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 13,400 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 42 countries and our products are sold in 100+ countries. Amer Sports generated $5.2 billion in revenue in 2024. Amer Sports, Inc. shares are listed on the New York Stock Exchange. Source: Amer Sports, Inc.
Yahoo
39 minutes ago
- Business
- Yahoo
Eli Lilly Targets Pain Management Opportunity with SiteOne Therapeutics Acquisition
Eli Lilly and Company (NYSE:LLY) is expanding its footprint into the non-opioid pain management market in pursuit of growth opportunities. On May 27, the company announced the inking of an agreement to acquire SiteOne therapeutics. The company is acquiring the private biotech company in a deal worth up to $1 billion in cash and milestone-based payments. Pixabay/Public Domain With the acquisition, Eli Lilly will gain access to SiteOne Therapeutics flagship product STC -004, a Phase 2 ready Nav1.8 inhibitor being developed as a non-opioid treatment for chronic pain. The asset aligns with the company's push for addiction-free pain therapies. The acquisition also underscores the company's push for opportunity in the pain management market, whereby hundreds of millions of patients struggle with chronic pain. Eli Lilly views pain management as a strategic therapeutic area, given the massive market size and persistent unmet medical needs. Expansion into the pain management sector comes as Eli Lilly seeks to reduce its reliance on weight loss and diabetes drugs for revenues. "The rising global impact of chronic pain highlights the urgent need for effective non-opioid treatments," said Mark Mintun, Lilly's Group VP of Neuroscience R&D. "Lilly looks forward to advancing STC-004 with the exceptional SiteOne team, furthering our mission to develop innovative, addiction-free pain therapies." SiteOne Therapeutics is a clinical-stage biopharma company developing highly selective small molecule inhibitors targeting Nav1.7 and Nav1.8 to treat pain, cough, and sensory hyperexcitability disorders. Its focus is on safe, non-opioid treatments to minimize addiction risks. Eli Lilly and Company is a global pharmaceutical leader dedicated to innovative, life-changing treatments. With nearly 150 years of pioneering research, Lilly addresses diabetes, obesity, Alzheimer's, cancer, and immune disorders, ensuring accessible, affordable medicines worldwide. While we acknowledge the potential of Eli Lilly and Company (NYSE:LLY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LLY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
2 hours ago
- Business
- Yahoo
Why I Just Bought This 10.9%-Yielding Fund and Plan to Buy Even More Shares
FS Credit Opportunities Corp. offers the right kind of yield. This closed-end fund's credit portfolio is attractive, and its investment strategy changes to reflect market dynamics. The fund does have some risks that investors should know about. 10 stocks we like better than FS Credit Opportunities › Some distributions are attractive. And some distributions are downright juicy. I think FS Credit Opportunities Corp.'s (NYSE: FSCO) distributions definitely belong in the latter category. This closed-end fund (CEF) is managed by FS Investments. It focuses on global credit markets, especially senior secured loans and bonds. FS Credit Opportunities Corp.'s distribution yield is a mouthwatering 10.9% right now. Here's why I just bought shares of this ultra-high-yield fund and plan to buy even more. You probably wouldn't believe me if I said the high distribution yield offered by FS Credit Opportunities Corp. wasn't a top reason why I bought the fund. And you'd be justified in such skepticism. The juicy yield certainly ranks as an important factor in why I invested in the closed-end fund. More importantly, though, FS Credit Opportunities Corp. provides the right kind of high yield. What do I mean by that? Other CEFs come with even higher distribution yields, but if you examine their track records closely, you'll find that many of them pay the distributions by selling assets. At least part of the yield you might receive from these funds comes from your initial principal. That's not the case with FS Credit Opportunities Corp., at least not since the current management team took over in 2018. Distributions have been fully funded through net investment income since the FS Global Credit Team assumed management of the fund. The ultra-high yield for this CEF isn't because of a poor performance where a sinking share price drives the yield higher, either. FS Credit Opportunities Corp. has delivered an exceptional return over the last year. Management increased the monthly distribution rate by 7.5% at the beginning of 2025. Since the fund was listed on the New York Stock Exchange in November 2022, its distribution has increased by roughly 52%. I also like the underlying reason why FS Credit Opportunities Corp. can pay such a great distribution: its attractive credit portfolio. The fund has $2.1 billion in assets invested in 77 portfolio companies representing multiple sectors. Around 73% of these companies are privately held, with 93% of them based in the U.S. FS Credit Opportunities focuses primarily on senior secured loans. Roughly 72% of its holdings are first lien senior secured loans, with 3% second lien. Another 9% of the portfolio is in senior secured bonds. I like senior secured debt because it's backed by borrowers' assets. Secured debt is also at the top of the list for repayment. This reduces the fund's risk of default. The fund managers adjust their investment strategy to reflect changing market dynamics. For example, they're prioritizing private investments now because they typically have better asset coverage and are more insulated from volatility than public credit markets. FS Investments stated in its latest quarterly update, "We continue to defensively position the portfolio by adding what we believe are higher-quality investments that have low default risk with solid covenants given the competitive environment across credit markets." That's what I like to hear. The CEF's emphasis on privately held middle-market companies is a good thing. FS Credit Opportunities can often structure investments with these businesses that give it greater protection against risks while still obtaining attractive returns. While I like this closed-end fund, I don't want to give the impression that investing in it doesn't come with risks. One key risk with FS Credit Opportunities is that it uses leverage (borrowing) to boost its performance. Leverage is a double-edged sword that can both help and hurt depending on interest rate swings. The fund's focus on senior secured debt doesn't completely insulate it from the risk of defaults. For example, the value of the assets of borrowers used as collateral could drop. Even though FS Credit Opportunities could gain control of the collateral in a worst-case scenario, the CEF could still lose money on its investments. FS Credit Opportunities has delivered an average annual return based on net asset value (NAV) of 7.75% since Jan. 1, 2018. However, there's no guarantee the fund will be able to deliver positive returns in the future. But I like the overall risk-return profile offered by this CEF. Unless something changes dramatically, I plan to buy more shares in the not-too-distant future. Before you buy stock in FS Credit Opportunities, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and FS Credit Opportunities wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Keith Speights has positions in FS Credit Opportunities. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why I Just Bought This 10.9%-Yielding Fund and Plan to Buy Even More Shares was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
- Yahoo
Harmony Gold to Acquire MAC Copper in $1.03 Billion Deal, Boosting Copper Exposure
On Tuesday, Harmony Gold Mining Company Ltd. (NYSE:HMY) announced its intent to acquire MAC Copper Ltd. (NYSE:MTAL) in an all-cash deal valued at $1.03 billion. This acquisition aims to increase Harmony Gold's exposure to copper, which is a vital commodity for the ongoing energy transition. An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley. MAC Copper's primary asset is the CSA Copper Mine, which is located ~700 kilometers north-west of Sydney, Australia. In 2024, the mine produced ~41,000 metric tons of copper and has a current reserve life of over 12 years. The acquisition is also structured to include Harmony repaying MAC's existing senior debt and assuming obligations related to silver and copper streams with Osisko Bermuda Limited, as well as royalty arrangements with Glencore Operations Australia Pty Ltd. Harmony will also be responsible for a potential $150 million contingent copper payment to Glencore linked to MAC's previous acquisition of the CSA Copper Mine. Under the terms of the binding scheme implementation deed, Harmony Gold (Australia) Pty Ltd., which is a wholly-owned subsidiary of Harmony Gold, will acquire 100% of MAC Copper's issued share capital at $12.25 per share. This offer price represents a 20.7% premium over MAC Copper's closing share price of $10.15 on Friday, May 23, and a 32.1% premium to the 30-day volume-weighted average price of $9.28 per MAC share on the NYSE up to and including Friday. Harmony Gold Mining Company Ltd. (NYSE:HMY) explores, extracts, and processes gold, uranium, silver, and copper deposits. Whereas MAC Copper Ltd. (NYSE:MTAL) operates and acquires metals and mining businesses in Australia. While we acknowledge the potential of HMY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HMY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
