Mulberry rejects £83m Frasers Group takeover bid saying it …

Oct 1, 2024 · Frasers Group, owner of Sports Direct and already holding a 37% stake in Mulberry, announced on Monday an approach worth 130p per share, valuing the stake in the company it …

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Mulberry Rejects £83m Frasers Group Takeover Bid Saying It …

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Oct 1, 2024 · Frasers Group, owner of Sports Direct and already holding a 37% stake in Mulberry, announced on Monday an approach worth 130p per share, valuing the stake in the company it …

mirror.co.uk

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Mulberry Rejects Frasers' Takeover Proposal As 'untenable'

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Oct 22, 2024 · Under UK takeover rules, Frasers, which owns 37% of Mulberry, has until Oct. 28 to make a firm offer or walk away. Shares in Mulberry closed Monday at 125 pence. ($1 = …

reuters.com

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Mulberry Rejects £83mn Takeover Bid From Mike Ashley’s Frasers

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Oct 1, 2024 · Mulberry has rejected a conditional bid from Mike Ashley’s Frasers Group, saying the offer does not recognise the UK luxury brand’s “substantial future potential value”.

ft.com

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Mulberry Rejects Bid From Frasers, Won’t Withdraw Fundraising Plan

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The British luxury brand rejected Frasers Group’s $111 million takeover approach. ... Mulberry Rejects Bid From Frasers, Won’t Withdraw Fundraising Plan ... takeover approach and said it …

wsj.com

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Handbag Maker Mulberry Rejects Takeover Bid From Mike Ashley's …

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Oct 1, 2024 · British luxury brand Mulberry rejected retailer Frasers' 83-million-pound ($111 million) takeover proposal on Tuesday, saying its majority shareholder did not support the bid …

reuters.com

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Mulberry Turns Down Increased Takeover Offer Of Mike Ashley’s …

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Oct 14, 2024 · Mulberry Rejects Frasers Group’s £111m Bid Mulberry’s statement followed Frasers Group’s increase in its offer to 150p per share last week, valuing the company at £111 …

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Mike Ashley’s Frasers Abandons Mulberry Bid Amid Governance …

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Oct 23, 2024 · Challice, which owns 56.4 per cent of Mulberry, opposed Frasers’s bid. In September, Mulberry announced a slide in profit – reporting a pre-tax loss of £34.1m having …

cityam.com

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Frasers £83 Million Mulberry Bid Rejected - Lux Juris

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Oct 7, 2024 · Frasers Group’s Intentions. Frasers Group already owns 37% of Mulberry and offered 130p per share in its bid. However, Mulberry’s board rejected this offer, saying it does …

luxjuris.com

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FAQs about Mulberry rejects £83m Frasers Group takeover bid saying it … Coupon?

Why did Mulberry reject a takeover offer from Frasers?

The struggling brand said it believes the possible offer from Frasers fails to ‘recognise the company’s substantial future potential value’. Mulberry has rejected a takeover approach from Mike Ashley’s Frasers Group valuing the firm at £83 million (PA) (PA Wire) ...

Why did Mulberry reject a conditional offer from Frasers group?

Mulberry has rejected a conditional bid from Mike Ashley’s Frasers Group, saying the offer does not recognise the UK luxury brand’s “substantial future potential value”. Frasers, which owns about 36.8 per cent of the shares, offered 130p a share, a premium of 11 per cent to the closing price on Friday, valuing the struggling brand at £83mn. ...

Is Frasers group pursuing a bid for Mulberry?

Frasers Group, led by Mike Ashley, has confirmed it will not pursue a bid for Mulberry, after the iconic British luxury brand rejected its two previous cash offers earlier this month. The first bid, launched on 1 October at £83m, was dismissed by Mulberry as undervaluing the brand. ...

Can Frasers take over Mulberry?

Under UK takeover rules, Frasers, which owns 37% of Mulberry, has until Oct. 28 to make a firm offer or walk away. Shares in Mulberry closed Monday at 125 pence. ($1 = 0.7689 pounds) ...

Why did Mulberry reject a bid?

On 1 October, Mulberry rejected the initial bid as its board said the offer “does not recognise the company’s substantial future potential value”. Last Friday, Frasers acquired around four million Mulberry shares at 100p each through clawback provisions, slightly raising its stake in the business to between 36.9% and 37.3%. ...

Is a mulberry bid 'disappointing'?

Frasers, which is a major Mulberry shareholder with a 37 per cent stake, said that the outcome is “disappointing”. Frasers Group, led by Mike Ashley, has confirmed it will not pursue a bid for Mulberry, after the iconic British luxury brand rejected its two previous cash offers earlier this month. ...