Handbags as Frasers’ increased takeover plans for Mulberry adds to war of words
Mulberry Group is expected to rebuff renewed attempts by Frasers Group to takeover the struggling retail brand.
Sports Direct owner Frasers Group, which has built a portfolio of distressed brands, put forward terms for an updated offer on Friday.
Its 150p-per-share proposal was 15% higher than its first approach and would see Frasers pay £72m for the shares that it doesn't own. Frasers has built a 37% stake in the business.
However majority shareholder Challice, which owns 56% of Mulberry, has said it "has no interest in eit... 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...
