Frasers sweetens takeover bid for Mulberry to 150 pence per share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2024
0mins
Source: Reuters
Frasers Group's Revised Offer: Frasers Group has increased its takeover bid for Mulberry to 150 pence per share, valuing the luxury brand at £111 million, after Mulberry rejected an initial offer citing undervaluation and lack of support from a major investor.
Stake Acquisition Plans: Frasers plans to acquire approximately 4 million shares in Mulberry at 100 pence each, which would increase its stake in the company to between 36.9% and 37.3%, with a deadline to make a firm offer by October 28 under UK takeover rules.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
