Puma Rises Following Report of Anta Sports' Potential Bid in China
Anta Sports' Interest in Puma: Chinese sports apparel company Anta Sports is reportedly considering a takeover of German sportswear maker Puma SE, potentially collaborating with a private equity firm for the bid.
Puma's Stock Performance: Following the news of the potential takeover, Puma's shares rose by 7% in early trading on the Frankfurt stock exchange.
Other Potential Bidders: Besides Anta, Chinese sportswear group Li Ning is also exploring financing options to make a bid for Puma, and there may be interest from a Japanese sportswear company as well.
Puma's Challenges Ahead: Puma has announced a turnaround plan and job cuts, anticipating significant performance impacts due to ongoing geopolitical and macroeconomic challenges through 2025.
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