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Puma surges after media report investors are preparing for takeover
Yahoo Financeยท2025-09-17 13:41

(Reuters) - Shares in Puma jumped 10% on Wednesday, with traders pointing to a media report that two parties were preparing for a potential takeover of the German sportswear maker. Germany's Manager Magazin reported that two investors were ready to take the 29% stake held by the French billionaire Pinault family, paving the way for a potential takeover. According to the magazine, Authentic Brands CEO Jamie Salter and CVC's German head Alex Dibelius were the interested parties. Puma and CVC declined to c ...