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0.151020408163265 0.159183673469388 0.26530612244898 0.273469387755102 0.355102040816327 0.257142857142857 0.159183673469388 0.13469387755102
Stock impact report

Wanda Sports Enters into Agreement to Sell The IRONMAN Group to Advance

Wanda Sports Group Company Limited (WSG) 
Last wanda sports group company limited earnings: 11/18 12:55 am Check Earnings Report
Company Research Source: GlobeNewswire
BEIJING, March 26, 2020 (GLOBE NEWSWIRE) -- Wanda Sports Group Company Limited (the “Company” or “Wanda Sports Group”) (NASDAQ: WSG) today announced that it has entered into a definitive stock purchase agreement with Advance, a private, family-owned business, to sell The IRONMAN Group in an all cash transaction at an enterprise value of US $730 million (subject to customary purchase price adjustments). The IRONMAN Group is comprised of a global portfolio of mass participation sports events, across triathlon, running, trail running, cycling and mountain biking.  As part of the agreement, Wanda Sports Group will continue to operate IRONMAN® and IRONMAN® 70.3® triathlon series, Rock 'n' Roll Marathon Series® and Epic Series® off-road mountain bike series races of The IRONMAN Group in China under an exclusive license agreement. Hengming Yang, President and CEO of Wanda Sports Group, said: “This transaction represents a great outcome for both parties. Advance is acquiring the world’s l Show less Read more
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