British billionaire Mike Ashley’s Frasers Group makes a takeover offer for Australian footwear retailer Accent Group, a move described by outlets as hostile. Frasers already holds a 22.9% stake in Accent, the largest single shareholding. The new bid seeks to purchase the remaining 77.1% of shares not currently owned by Frasers. Under the offer, Frasers proposes to pay 65 Australian cents per share, which multiple reports say matches Accent’s recent closing share price. The total value of the bid is reported as about £166 million. Several sources also link the move to Frasers’ recent deal activity, noting it follows an earlier takeover bid for fashion brand Hugo Boss announced days earlier. Together, the reports indicate Frasers is attempting to expand its retail holdings by moving from a significant minority position in Accent to full ownership, with the offer structured as an acquisition of the rest of the company’s shares. The articles do not report an acceptance or response from Accent within the provided summaries.
Frasers Group makes £166m bid to take full control of Accent Group footwear retailer
British billionaire Mike Ashley’s Frasers Group makes a takeover offer for Australian footwear retailer Accent Group, a move described by outlets as hostile. Frasers already holds a 22.9% stake in Acc...
- Frasers Group, led by billionaire Mike Ashley, makes a takeover bid for Australia’s Accent Group.
- Frasers already owns 22.9% of Accent and seeks the remaining 77.1%.
- The offer price is 65 Australian cents per share (about 34p), reported as matching Accent’s recent closing price.
- The bid value is reported as about £166 million.
- Outlets report the Accent bid comes days after Frasers announced a separate takeover attempt for Hugo Boss.
Mike Ashley’s Frasers Group has launched a £166m takeover bid for Australian footwear retailer Accent Group, just days after tabling an offer for Hugo Boss. Frasers, which already holds a 22.9 per cent stake in Accent, has offered 65 Australian cents a share for the rest of the business. The offer matches Accent’s closing share...
2 months agoMike Ashley’s Frasers follows Hugo Boss bid with offer for Australia’s Accent The GuardianMike Ashley’s Frasers Group launches takeover move for Australian business Accent Yorkshire PostFrasers & Vistry: Markets live Investors' ChronicleFrasers plots GBP166 million deal to buy all of retailer Accent London South EastFrasers Group plots £166m hostile takeover businesscloud.co.uk
2 months agoUK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already ownBusiness live – latest updatesThe retail billionaire Mike Ashley has launched his second takeover bid in a week, attempting to snap up Australian footwear business Accent Group, days after announcing a tilt at Hugo Boss.Ashley’s Frasers Group, which already owns the biggest single stake in Accent at 22.9%, said it will offer 65 Australian cents (34p) a share for the remainder of the business, at the same level as its closing price on Friday. Continue reading...
2 months agoAustralia’s biggest footwear retailer Accent Group has received a low-ball takeover bid by its biggest shareholder, British behemoth Frasers Group run by billionaire Mike Ashley.
2 months ago
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