UK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already own
The 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.
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This article was originally published by The Guardian and written by Lauren Almeida.
Read original article on The Guardian