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Hugo Boss says Frasers Group’s takeover bid is ‘financially inadequate’
Hugo Boss has encouraged its shareholders not to accept the takeover bid it received from Frasers Group, labelling the €1.98bn (£1.73bn) offer as “financially inadequate”.
The German fashion brand said the €38 per share takeover offer equalled the statutory minimum offer price and “does not adequately reflect Hugo Boss’ standalone prospects and future value creation potential”.
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