ANTA Sports Completes Acquisition of 29.06% Stake in PUMA, Becomes Largest Shareholder - Yahoo Finance

The Chinese sports giant finalized its acquisition of a roughly 29% stake in the athletics brand for about $1.7 billion. This audio is auto-generated. Please let us know if you have feedback.

The arrival of ANTA Sports as PUMA’s largest shareholder marks the beginning of a new chapter for the company. “PUMA has built one of the most recognized sports brands in the world, with a rich heritage, a deep sports credibility, a global footprint, leading innovations and strong partners. We welcome ANTA Sports as PUMA’s largest shareholder and view its long-term commitment as a strong vote of confidence in our strategy, our management team and our future,” said Arthur Hoeld, CEO of PUMA SE. “We look forward to building a fruitful partnership and exploring areas where our respective strengths can create sustainable value for PUMA and its shareholders on our journey to become a top 3 global sports brand.”PUMA will continue to operate as an independently managed company. ANTA Sports has expressed its full respect for PUMA’s sports heritage, distinctive brand identity and corporate culture as well as its independent governance and brand autonomy. Ding Shizhong, Board Chairman of ANTA Sports, commented: "We are delighted to become PUMA’s largest shareholder and a long-term strategic partner.

Connor Hellebuyck's suspension will come to an end on Friday. Elliotte Friedman has the story.

The Edmonton Oilers have only surrendered nine goals in the last five games, which speaks to their quality goaltending, structured five-on-five play, and consistent forecheck. The issue with that number is that five of those nine goals are against the Oilers’ penalty kill, which was a point of emphasis for new associate coach DJ Smith after the whipping that PK took in the postseason. That category has been tough sledding overall for the team, which sits at 68.2 per cent for the season, fifth worst in the NHL. The opposition has scored on the power play in five of seven games, and the Utah Mammoth made it happen twice, punishing Josh Samanski’s double-minor for high-sticking and the team’s bench minor on Thursday. The Mammoth PP bumped up to first in the league at 37.5 per cent, and have scored multiple goals on the man advantage in a game a league-best five times. “I think we’re just attacking,” said Barrett Hayton on the power play’s success. He extended his point streak to five games. “Obviously that first unit’s been so good snapping around, they’re so dangerous, and I think they’ve done a great job kind of keeping that mindset.

How can I not go with Auston Matthews after he's cashed this play for us in two straight games? He's clearly on another level now that he's healthy, and his shooting percentage (40%) is among the league's best on the man advantage. When Matthews is shooting, he's hitting twine - he has four goals across his last three games as a result. Let's pot one more against this stingy Islanders defense. I'm loving William Nylander's shot volume right now, as the Leafs winger has registered at least three shots on goal in four consecutive games. He's averaging 6.5 shot attempts per contest, the 23rd-highest mark in the NHL, giving us plenty of reason to believe his hot streak can continue. With the Islanders playing an undisciplined brand of hockey, watch for Willy on the power play to drive us over the line.