Puma Stock Soars 13% Amid Reports of Acquisition Interest from China's Anta Sports & Other Global Brands

Puma Stock Skyrockets 13% on Anta Sports Acquisition Buzz

Shares of Puma SE, the renowned German athletic wear manufacturer, saw a dramatic increase of over 13% in trading on Thursday. The significant surge was fueled by an emerging report indicating that China's Anta Sports is reportedly exploring a potential acquisition of the sportswear giant.

Global Interest in the German Brand

The acquisition rumors, initially brought to light by Bloomberg through unnamed sources, suggest that Anta Sports is not the only entity eyeing Puma. Other major players in the global sportswear market are also believed to be interested. Among those mentioned are China's Li Ning, another prominent apparel firm, and Japan's Asics Corp, signaling a broad competitive landscape for potential bidders.

Companies Remain Tight-Lipped

In response to the circulating reports, Puma has chosen to adhere to its policy of declining comment on market speculation. Meanwhile, Anta Sports has yet to issue an official statement or respond to requests for comment regarding its alleged interest in the German brand. As this remains a breaking news story, market observers and stakeholders are anticipating further developments and official statements from the involved parties.