Accent Group hits back at Frasers ‘final offer’
Accent Group, the Australian retail chain, has hit back at the best and final declaration by Frasers Group yesterday, reaffirming its call to shareholders to reject the takeover offer.
In a statement on the Australian Stock Exchange (ASX), Accent’s Independent Board Committee (IBC) said that Frasers’ takeover declaration does not change its unanimous recommendation, noting that the AUS $0.65-per-share offer is the same one it previously rejected and that the offer has failed to attract meaningful support.
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