finance.yahoo.com

Frasers Group Secures 17.62% Hugo Boss Stake in Tender Results

Frasers Group logoFrasers Group
Sig3.21Sen+1.34Env0.00Soc0.00Gov-0.29
HUGO BOSS logoHUGO BOSS
Sig3.17Sen-1.15Env0.00Soc0.00Gov-1.19

The offer was accepted for 12,157,598 Hugo Boss shares, about 17.62% of its share capital and voting rights. Hugo Boss’s managing and supervisory boards had urged shareholders to reject the 38-euro offer as the statutory minimum and financially inadequate. Frasers is also linked to expectations around the 30% mandatory-offer threshold, while Hugo Boss noted final tender results after an Aug. 13 acceptance period end.

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