Frasers launches £166m takeover bid for 77.1% of Australian shoe maker AccentExecutive summary: Frasers, led by Mike Ashley, submitted a £166 million proposal to buy 77.1 % of Accent, an Australian footwear firm. The offer represents a rapid second acquisition attempt by Frasers and could reshape the Australian footwear sector. Frasers (Mike Ashley), Accent, potential shareholders, Australian regulators. Accent will assess the bid, potentially leading to a full acquisition, counter‑bid, or regulatory review in the coming days.Mike Ashley's Frasers made a £166 million offer to acquire 77.1 % of the shares in Accent, an Australian footwear company. The bid marks the group's second takeover attempt within a week. It is directed at a business that Frasers does not already own. The move is likely to intensify competition in the Australian market.Connected developmentsHugo Boss shares jump as it says it will ‘thoroughly examine’ Frasers offerOpen the full case file on Beyond →
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