Accent Group Independent Board Committee Urges Shareholders to Reject Frasers Takeover Bid

MT Newswires Live

Jun 22

Accent Group's (ASX:AX1) independent board committee established to consider and respond to the Frasers Group's unsolicited on-market takeover offer recommended that shareholders reject the offer, according to a Monday Australian bourse filing.

Under the offer, Frasers Group proposed to acquire all Accent shares that Frasers and its associates do not already own for AU$0.65 per share in cash.

The committee said that the offer represents no premium and that the offer price does not appropriately reflect Accent's strategic position and medium-term growth potential. According to the committee, the bid is an attempt "to move towards control of Accent without offering shareholders any premium for that control."

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According to the committee, the bid is an attempt \"to move towards control of Accent without offering shareholders any premium for that control.\"</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7021","symbol_name":"服装零售","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2645011452","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645011452","pubTimestamp":1782086154,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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