{"id":405034,"date":"2020-12-23T07:43:14","date_gmt":"2020-12-23T12:43:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405034"},"modified":"2020-12-23T07:43:14","modified_gmt":"2020-12-23T12:43:14","slug":"wanda-sports-media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wanda-sports-media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group\/","title":{"rendered":"Wanda Sports &amp; Media (Hong Kong) Holding Co. Limited Announces Commencement of Tender Offer to Acquire Class A Ordinary Shares and ADSs of Wanda Sports Group"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HONG KONG<\/span>, <span class=\"xn-chron\">Dec. 23, 2020<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Wanda Sports<\/span> &amp; Media (Hong Kong) Holding Co. Limited (the &#8220;<b>Purchaser<\/b>&#8220;) today announced the launch of its offer (the &#8220;<b>Offer<\/b>&#8220;)\u00a0to acquire all of the issued and outstanding class A ordinary shares of Wanda Sports Group Company Limited (the &#8220;<b>Company<\/b>&#8221; or &#8220;<b>Wanda Sports Group<\/b>&#8220;), no par value (the &#8220;<b>Class A Ordinary Shares<\/b>&#8220;), including all Class A Ordinary Shares represented by American depositary shares of the Company (&#8220;<b>ADSs<\/b>,&#8221; with every two ADSs representing three Class A Ordinary Shares). The ADSs are listed on the Nasdaq Global Select Market and trade under the symbol &#8220;WSG.&#8221;<\/p>\n<p>The Purchaser is offering <span class=\"xn-money\">$1.70<\/span> in cash per Class A Ordinary Share, or <span class=\"xn-money\">$2.55<\/span> in cash per ADS, without interest, upon the terms, and subject to the conditions, set forth in the offer to purchase (the &#8220;<b>Offer to Purchase<\/b>&#8220;) and the related letters of transmittal for Class A Ordinary Shares and ADSs. The Offer commenced today and will expire at <span class=\"xn-chron\">5:00 p.m.<\/span>, <span class=\"xn-location\">New York City<\/span> time, on <span class=\"xn-chron\">January 29, 2021<\/span> (as it may be extended as set forth in the Offer to Purchase).<\/p>\n<p>The purpose of the Offer is to acquire a sufficient number of Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) such that there are fewer than 300 holders of Class A Ordinary Shares of record, thereby allowing the Company to deregister its Class A Ordinary Shares under Section 12(g)(4) of the Securities Exchange Act of 1934, as amended (the &#8220;<b>Exchange Act<\/b>&#8220;), and suspend its reporting obligations under the Section 15(d) of the Exchange Act.<\/p>\n<p>Further detail around the Offer can be found in the Offer to Purchase.\u00a0 If you have questions about the Offer, you may call the information agent for the Offer, MacKenzie Partners, Inc, toll free at (800) 322-2885 for assistance. Banks and brokers may call (212) 929-5500. American Stock Transfer &amp; Trust Company, LLC will act as tender agent for the Offer. <\/p>\n<p>\n        <b>CAUTIONARY NOTE <\/b>\n      <\/p>\n<p>\n        <b>This news release contains forward-looking statements, including statements relating to the Offer (as described in the Offer to Purchase and other matters that are not historical facts<span id=\"spanHghlt20c1\">).\u00a0<\/span>Statements in this news release that relate to future results and events are forward-looking statements based on the Purchaser&#8217;s current plans and expectations and are subject to a number of risks and uncertainties, including risks and uncertainties with respect to the Purchaser, the Company or the Offer that could cause actual results to differ materially from those described in these forward-looking statements. <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <span id=\"spanHghltb3da\">This news release is for informational purposes only and is neither the Offer to Purchase nor a substitute for the Offer materials that\u00a0Purchaser\u00a0has filed as a part of a Schedule TO with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) in relation to the Offer (the &#8220;Schedule TO&#8221;). The Offer will only be made pursuant to the Offer to Purchase, the letters of transmittal and related documents filed as a part of the Schedule TO. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ OFFER MATERIALS CAREFULLY AND IN THEIR ENTIRETY (AS THEY MAY BE AMENDED FROM TIME TO TIME), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders of the Company may obtain a free copy of these materials and other documents filed with the SEC at the website maintained by the SEC at <\/span><br \/>\n          <a target=\"_blank\" href=\"http:\/\/www.sec.gov\/\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <span id=\"spanHghlt30fc\">www.sec.gov<\/span><br \/>\n          <\/a><br \/>\n          <span id=\"spanHghlt7028\">.<\/span><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b>About <span class=\"xn-person\">Wanda Sports<\/span> &amp; Media (Hong Kong) Holding Co. Limited<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Wanda Sports<\/span> &amp; Media (Hong Kong) Holding Co. Limited is a privately held company, organized and existing under the laws of <span class=\"xn-location\">Hong Kong<\/span>, and an indirect wholly-owned subsidiary of Wanda Culture Holding Co., Ltd., a limited liability company incorporated under the laws of <span class=\"xn-location\">the People&#8217;s Republic of China<\/span>. Wanda Culture Holding Co., Ltd. is ultimately controlled by Mr. <span class=\"xn-person\">Jianlin Wang<\/span>, its chairman and president.<\/p>\n<p>\n        <b>About Wanda Sports Group<\/b>\n      <\/p>\n<p>Wanda Sports Group is a leading global sports events, media and marketing platform with a mission to unite people in sports and enable athletes and fans to live their passions and dreams. Through its businesses, <span id=\"spanHghlt982d\">including<\/span> Infront and the Wanda Sports China,\u00a0Wanda Sports Group\u00a0has\u00a0significant intellectual property rights, long-term relationships and broad execution capabilities, enabling it to deliver <span id=\"spanHghlt694e\">unrivalled<\/span> sports event experiences, creating access to engaging content and building inclusive communities. Wanda Sports Group offers a comprehensive array of events, marketing and media services through three primary segments: <span id=\"spanHghlteaca\">Mass Participation<\/span>, Spectator Sports <span id=\"spanHghltc5cd\">and<\/span> Digital, Production, Sports Solutions<span id=\"spanHghlt9428\">\u00a0(DPSS).<\/span><span class=\"xn-person\">Wanda Sport<\/span><span id=\"spanHghlt824f\">Group&#8217;s<\/span> full-service platform creates value for its partners and clients as well as other stakeholders in the sports ecosystem, from rights owners, to brands and advertisers, and to fans and athletes. <\/p>\n<p>Headquartered in\u00a0China,\u00a0Wanda Sports Group\u00a0has more than 48 offices in 16 countries with over 1,000 employees around the world. For more information, please visit <a target=\"_blank\" href=\"http:\/\/investor.wsg.cn\/investor-relations\" rel=\"nofollow noopener noreferrer\"><span id=\"spanHghltbe71\">http:\/\/investor.wsg.cn\/investor-relations<\/span><\/a><span id=\"spanHghlt16e4\">.<\/span><\/p>\n<p>\n        <b>For investor and media inquiries, please contact:<\/b>\n      <\/p>\n<p>Mr. YANG Zhuo <br \/>Global Communications Officer, <span class=\"xn-person\">Wanda Group<\/span><br \/>Email: <a target=\"_blank\" href=\"mailto:yangzhuo7@wanda.cn\" rel=\"nofollow noopener noreferrer\">yangzhuo7@wanda.cn<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN32583&amp;sd=2020-12-23\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/wanda-sports--media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group-301198072.html\">http:\/\/www.prnewswire.com\/news-releases\/wanda-sports&#8211;media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group-301198072.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Wanda Sports<\/span> &amp; Media (Hong Kong) Holding Co. Limited<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN32583&amp;Transmission_Id=202012230739PR_NEWS_USPR_____CN32583&amp;DateId=20201223\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HONG KONG, Dec. 23, 2020 \/PRNewswire\/ &#8212; Wanda Sports &amp; Media (Hong Kong) Holding Co. Limited (the &#8220;Purchaser&#8220;) today announced the launch of its offer (the &#8220;Offer&#8220;)\u00a0to acquire all of the issued and outstanding class A ordinary shares of Wanda Sports Group Company Limited (the &#8220;Company&#8221; or &#8220;Wanda Sports Group&#8220;), no par value (the &#8220;Class A Ordinary Shares&#8220;), including all Class A Ordinary Shares represented by American depositary shares of the Company (&#8220;ADSs,&#8221; with every two ADSs representing three Class A Ordinary Shares). The ADSs are listed on the Nasdaq Global Select Market and trade under the symbol &#8220;WSG.&#8221; The Purchaser is offering $1.70 in cash per Class A Ordinary Share, or $2.55 in cash per ADS, without &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wanda-sports-media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wanda Sports &amp; Media (Hong Kong) Holding Co. Limited Announces Commencement of Tender Offer to Acquire Class A Ordinary Shares and ADSs of Wanda Sports Group&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405034","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wanda Sports &amp; Media (Hong Kong) Holding Co. Limited Announces Commencement of Tender Offer to Acquire Class A Ordinary Shares and ADSs of Wanda Sports Group - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wanda-sports-media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wanda Sports &amp; Media (Hong Kong) Holding Co. Limited Announces Commencement of Tender Offer to Acquire Class A Ordinary Shares and ADSs of Wanda Sports Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HONG KONG, Dec. 23, 2020 \/PRNewswire\/ &#8212; Wanda Sports &amp; Media (Hong Kong) Holding Co. Limited (the &#8220;Purchaser&#8220;) today announced the launch of its offer (the &#8220;Offer&#8220;)\u00a0to acquire all of the issued and outstanding class A ordinary shares of Wanda Sports Group Company Limited (the &#8220;Company&#8221; or &#8220;Wanda Sports Group&#8220;), no par value (the &#8220;Class A Ordinary Shares&#8220;), including all Class A Ordinary Shares represented by American depositary shares of the Company (&#8220;ADSs,&#8221; with every two ADSs representing three Class A Ordinary Shares). The ADSs are listed on the Nasdaq Global Select Market and trade under the symbol &#8220;WSG.&#8221; The Purchaser is offering $1.70 in cash per Class A Ordinary Share, or $2.55 in cash per ADS, without &hellip; Continue reading &quot;Wanda Sports &amp; Media (Hong Kong) Holding Co. 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Limited (the &#8220;Purchaser&#8220;) today announced the launch of its offer (the &#8220;Offer&#8220;)\u00a0to acquire all of the issued and outstanding class A ordinary shares of Wanda Sports Group Company Limited (the &#8220;Company&#8221; or &#8220;Wanda Sports Group&#8220;), no par value (the &#8220;Class A Ordinary Shares&#8220;), including all Class A Ordinary Shares represented by American depositary shares of the Company (&#8220;ADSs,&#8221; with every two ADSs representing three Class A Ordinary Shares). The ADSs are listed on the Nasdaq Global Select Market and trade under the symbol &#8220;WSG.&#8221; The Purchaser is offering $1.70 in cash per Class A Ordinary Share, or $2.55 in cash per ADS, without &hellip; Continue reading \"Wanda Sports &amp; Media (Hong Kong) Holding Co. Limited Announces Commencement of Tender Offer to Acquire Class A Ordinary Shares and ADSs of Wanda Sports Group\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wanda-sports-media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-23T12:43:14+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN32583&amp;sd=2020-12-23","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wanda-sports-media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wanda-sports-media-hong-kong-holding-co-limited-announces-commencement-of-tender-offer-to-acquire-class-a-ordinary-shares-and-adss-of-wanda-sports-group\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Wanda Sports &amp; Media (Hong Kong) Holding Co. 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