Head NV Withdraws Share Buy Back Offer

Head NV withdrew an offer to buy back 19.2 million of its shares Tuesday after shareholders tendered just 85 percent of the minimum it set for the conditional offer.

The Amsterdam-based sporting goods company said shareholders had tendered 16.5 million shares as of its deadline, which was short of the 19.2 minimum it had set it its conditional offer.

Head said it would return the shares tendered no later than April 1.

Head sells alpine skis, ski bindings, ski boots, snowboard and protection products, tennis, racquetball, paddle and squash racquets, tennis balls and tennis footwear, sportswear and swimming products under the Head, Penn and Tyrolia brands and dive equipment under the Mares
brand.

By press release


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