Frasers puts its best foot forward with £166m retailer takeover bid

Frasers Group has launched an all-cash takeover offer for Australian retailer Accent Group, in a move to acquire the remaining shares it does not already hold.

Frasers already holds a 22.9% stake in the business and has offered £166m (A$316m) for the remaining shares, with shareholders offered 13p (A$0.65) per share in an unconditional cash offer.

Accent Group is a retailer and distributor of lifestyle and performance f... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...