Mulberry formally rebuffs Frasers’ 150p-per-share bid
The board of luxury goods maker Mulberry has formally rejected a takeover approach by Frasers Group, describing the increased offer as "untenable".
The announcement was expected given Mulberry's majority shareholder, Challice, had reacted to the 150p-per-share proposal by saying it “has no interest in either selling its Mulberry shares to Frasers or providing Frasers with any irrevocable or other undertaking”.
Retail giant Frasers, which has built a 37% stake in the business, was willing to pay £72m for the shares that it d... 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...
