Brisbane Times
·general
·1 hour ago
Frasers Group launches hostile takeover bid for Accent Group at 65¢ per
Frasers Group launched a hostile takeover bid for Accent Group, offering 65¢ per share, after expressing dissatisfaction with the management of chairman Lawrence Myers and CEO Daniel Agostinelli. Frasers, which holds a 22.9 percent stake, stated Myers should step down due to poor financial performance and governance issues. Accent's share price rose 11.5 percent following the announcement.
Summary by OZbrief · Brisbane Times
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