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

Mulberry rejected Frasers Group’s approach and said it didn’t plan to withdraw its fundraising plan. Photo: clodagh kilcoyne/Reuters

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

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The price is an 11% premium to Mulberry’s closing price of 117.50 pence on Friday. Frasers has until Oct. 28 to either make an offer or walk away under U.K. takeover rules. Write to Ian …

msn.com

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

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Oct 1, 2024 · Luxury handbag manufacturer Mulberry has turned down a takeover bid from Mike Ashley’s Frasers Group, which valued the company at £83m. The struggling British fashion …

mirror.co.uk

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

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Oct 1, 2024 · Mulberry Group rejected Frasers Group’s 83 million pound ($111 million) takeover approach and said it would go ahead with a plan to shore up its finances. The British luxury …

yahoo.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 Rejects Frasers Group’s Increased Bid As Major …

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Oct 14, 2024 · Frasers, which already owns 37% of Mulberry, raised its offer for the retailer to 150p a share on Friday after an earlier £83m bid – worth 130p a share – was rejected earlier …

retailgazette.co.uk

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Mulberry Rejects Frasers Group’s £83m Takeover Bid

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Oct 1, 2024 · Mulberry has rejected a potential £83m takeover offer from Frasers Group, following a bid by the Mike Ashley-controlled company for the embattled luxury fashion retailer.. Frasers …

retailgazette.co.uk

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Frasers Won’t Make Bid For British Luxury Brand Mulberry - MSN

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Frasers Group said it doesn’t plan to make an offer to buy Mulberry, ending a near monthlong battle to take control of the British luxury brand. Frasers—which has a 37% stake in Mulberry ...

msn.com

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Mulberry's Majority Shareholder Rejects Sweetened Bid From …

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The statement came after Frasers--which has a 37% stake in Mulberry--said late Friday that it was raising its offer to buy the shares in the company it doesn't already own, valuing the business …

marketwatch.com

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Mulberry’s Owner Rejects Increased £111 Million Bid From Mike …

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Oct 13, 2024 · On Sunday, Challice welcomed Frasers decision to participate in the fundraising round in which the Sports Direct owner bought £3.9 million of new Mulberry shares. ... Rejects …

businessoffashion.com

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Mulberry Dismisses £111m Takeover Tilt From Frasers As ‘untenable’

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Oct 22, 2024 · Sports Direct owner Frasers, which owns a 37% stake in Mulberry, tabled an improved £111 million approach on October 11. It offered to pay 150p per share for the rest of …

independent.co.uk

FAQs about Mulberry Rejects Bid From Frasers, Won’t Withdraw Fundraising Plan Coupon?

Why did Mulberry reject a £83m takeover offer from Frasers group?

Mulberry has rejected a potential £83m takeover offer from Frasers Group, following a bid by the Mike Ashley-controlled company for the embattled luxury fashion retailer. Frasers proposed a cash offer of 130p per share for Mulberry yesterday (30 September), which values the luxury retailer at £83m – a 30% premium on its recent share price. ...

Will Mulberry sell to Frasers group?

The majority shareholder in luxury brand Mulberry on Sunday said it had no interest in selling any of its stake to sportswear and apparel retailer Frasers Group , in a statement designed to end Frasers' takeover attempt. ...

Why did Ashley's Frasers abandon a takeover bid for Mulberry?

M ike Ashley’s Frasers Group has abandoned a takeover bid for Mulberry, warning that the luxury handbag maker was in a “very difficult” financial position. In a statement released on Tuesday, Frasers said it was ending its pursuit of Mulberry after a lack of “proper engagement” with the board. ...

Why did Challice refuse to sell Mulberry shares to Frasers?

But Challice Limited, which owns 56.4 per cent of Mulberry shares, said shortly after the bid it would refuse to sell to Frasers. Mulberry, which is currently undergoing a £10.8million fundraising plan in efforts to withstand a sharp slowdown in luxury demand, on Tuesday formally rejected the offer. ...

Should Frasers offer a cash offer to Mulberry?

Frasers had proposed a cash offer of 130p per share for the fashion retailer, which values it at £83m – a 30% premium on its recent share price. However, after consulting with financial advisers and its majority shareholder Challice, the Mulberry board concluded that the offer “does not recognise the company’s substantial future potential value”. ...

Why is Frasers group taking control of Mulberry?

Frasers Group has expressed its intention to take control of Mulberry, partly due to these concerns about the business's long-term survival, aiming to prevent Mulberry from becoming "another Debenhams". ...