There is still no word about the position of Amer Sports' board of directors on the proposed all-cash bid for the group by Anta Sports Products and FountainVest Partners (see our previous issue). Amer reported on Sept. 17 that one of its major shareholders, the AXA insurance group, reduced its stake in the company from 5.06 percent to 4.87 percent on Sept. 12. It did so one day after Amer reacted to media speculation by confirming that Anta and FountainVest Partners had expressed interest in a takeover, leading to a jump in Amer's share price.