SMH
·general
·1 hour ago
Frasers Group launches hostile bid for Accent Group at 65¢ per share
Frasers Group launched a hostile bid for Accent Group, the owner of Platypus, offering 65¢ per share to acquire the remaining 485.8 million shares. Frasers, holding a 22.9 percent stake, criticized management's performance and demanded chairman Lawrence Myers step down. Accent's shares rose 11.5 percent to 72.50¢ amid the takeover announcement.
Summary by OZbrief · SMH
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