The Guardian Australia
·general
·3 hours ago
Mike Ashley’s Frasers follows Hugo Boss bid with offer for Australia’s Accent
Mike Ashley’s Frasers Group launched a £166 million bid for a 77.1% stake in Australia's Accent Group on Monday, following a recent offer for Hugo Boss. The bid values Accent at 65 Australian cents per share, matching its previous closing price. Frasers aims to enhance its portfolio amid declining fortunes for Accent, which has seen shares drop 20%.
Summary by OZbrief · The Guardian Australia
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