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/enEven with access to blockbuster obesity drugs, some people don't lose weightNew analysis looking at elephant carcass distribution and algae levels in watering holes indicates that climate-induced poisoning has killed over 300 African elephants. King’s College London researchers have been studying the deaths of 350 African elephants in Botswana (which occurred during a single year in 2020). The researchers have concluded these are the result of drinking from water holes where toxic algae populations have significantly increased due to climate change. The scientists indicate their analysis shows animals were very likely poisoned by watering holes where toxic blooms of blue-green algae ( cyanobacteria ). This occurred after a very wet year followed a very dry one. The loss in numbers is significant. Botswana is home to a third of all African elephants, and this unprecedented die-off underlines concerns surrounding the impact of drought and climate change. Elephant carcasses were detected in the north-eastern sector of the country’s Okavango Delta between May and June 2020. Poaching was ruled out as the cause. Instead, toxins produced by the algae growing in watering holes was one suspected cause, though evidence has remained inconclusive. This was determined by combining satellite data and spatial analysis. This enabled the scientists to examine the relationship between about 3000 waterholes and the locations of deceased elephants. The analysis revealed waterholes near the carcasses showed elevated algal levels and repeated bloom events in 2020 compared to previous years. This was particularly during the period associated with the mass mortality event. The researchers also showed that decayed elephant carcasses were more spread out across the landscape than fresh carcasses, indicating that the die-off in 2020 was different from typical elephant mortality patterns. There were 20 waterholes near fresh carcasses that experienced increased algal bloom events in 2020 compared to the previous three years combined. These waterholes also exhibited the highest average algal biomass of the period 2015 — 2023. After drinking, elephants were estimated to have walked an average of 16.5 km from the toxic waterholes and died within about 88 hours of exposure.These findings suggest a heightened risk and likelihood of the presence algal toxins in these waterholes. It is of concern, going forwards, that Southern Africa is projected to become drier and hotter under climate changes, and as a result waterholes across this region will likely be drier for more months of the year. The research appears in the journal Science of The Total Environment , titled “Remote sensing and spatial analysis reveal unprecedented cyanobacteria bloom dynamics associated with elephant mass mortality.” Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news.Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.
In the realm of celebrity gossip and romance rumors, one name has been making waves recently – Yang Shize. The talented actor and heartthrob has been a subject of much speculation regarding his romantic life. However, in a clever and poetic response, Yang Shize recently revealed his single status through a hidden message poem, effectively putting an end to the swirling rumors and leaving fans in awe of his wit and charm.Carleton College. Photo by Joshua Whitman. President-elect Donald Trump’s promises to deport millions of undocumented people could discourage some college applicants — including American citizens — from seeking the federal financial aid that millions of students rely on to attend college. Trump has promised to declare a national emergency and mobilize the military to deport undocumented immigrants, though he has not provided key details of the plan: how those immigrants will be identified, notified of their deportation and transported out of the country. The unknowns have placed students with undocumented parents in a risky position: the Free Application for Federal Student Aid, or FAFSA, is how students access federal scholarships and loans, and it’s also how many universities calculate their own financial aid packages. It also asks for parents’ Social Security numbers. The application offers a separate identity verification process for parents without Social Security numbers, and some experts fear that data could be misused to identify and potentially deport those individuals. (The student applying for federal aid must have a Social Security number to complete the form.) The National College Attainment Network, which lobbies for increased college access, sent an email to members Thursday urging mixed-status families to “make a considered decision about whether to submit a FAFSA.” The situation underscores the many ways the newly re-elected Trump and his mass deportation plans could affect the lives of millions of immigrants and their families, in everything from health care to education and the criminal justice system. The Higher Education Act prohibits the use of FAFSA data for anything other than processing financial aid awards, but Trump is not known for his fealty to legal details. The letter from the National College Attainment Network continues: “We cannot assure you that individuals who are undocumented might not be identified and targeted for punitive action in the future. Because of the potential stakes of this process, we want every individual to have as much information as possible before submitting identifying information to the federal government ... For some, the potential risks could now outweigh even the considerable benefits of federal student aid.” More than half of college students receive federal financial aid; without completing the FAFSA, students could face the full sticker price of college tuition. Minnesota State community and technical colleges cost more than $6,000 per year on average. Minnesota State’s four-year universities, which are thousands of dollars cheaper than the University of Minnesota, cost over $10,000 annually before financial aid — not counting housing or food costs. The IRS also maintains protected data on taxpayers who don’t have Social Security numbers — many undocumented workers in the U.S. use an IRS-issued alternative taxpayer identification number — but the U.S. Department of Education is a more likely political target. Trump has promised to shut down the Department of Education , which houses the federal student loan and grant programs. Eliminating the agency would require approval from the Republican-controlled Congress, and it’s unclear what the ramifications would be for federal financial aid. Trump has nominated professional wrestling mogul Linda McMahon to be secretary of the agency. Caitlyn Cole, director of career and college readiness for Achieve Twin Cities, said her team will troubleshoot individual student and family scenarios, and is awaiting guidance from the state Office of Higher Education. “We do believe that Trump’s threats will discourage mixed-status families to apply for the FAFSA,” Cole said. Students with undocumented parents also encountered issues with the FAFSA last year. The federal government rolled out a new application, leading to major delays for all students , and causing glitches in the section of the form where people without a Social Security number could request alternative identity verification. The FAFSA for the 2025-26 school year opened Thursday , more than a month and a half later than the usual opening date of Oct. 1.
In conclusion, the announcement of the best lineup for the 15th round of the CBA regular season shines a spotlight on the individual talents and collective efforts of players in the league. From Lai Lifuge to the four other deserving players, each member of the best lineup has proven themselves as key contributors to their teams' success. As the season moves forward, fans can look forward to more thrilling action and top-notch performances from the best players in the CBA.In recent times, a growing concern has been raised over the safety hazards posed by electric scooter windshields across various regions. Traffic police have issued warnings, emphasizing the potential risks associated with these accessories and calling for alternative measures to ensure rider safety. Several areas have even initiated bans on the use of these windshields, prompting discussions on innovative ways to stay warm while riding electric scooters.