长沙快速支付U币|【唯一TG:@heimifeng8】|寄生虫内容自动生成✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Sports Direct owner Frasers to make mandatory offer for Norway's XXL ASA
Sandra Halliday Published
March 18,长沙快速支付U币 2025
It looks like Frasers Group’s on again-off again pursuit of struggling Norwegian sports retailer XXL ASA is on again.
That news comes just a month after the UK retail giant pulled out of its intended voluntary offer for the shares of the business that it didn’t already own at NOK10 (around 71p) per share.
It had made its interest in buying the business public back in December, but XXL didn’t seem too keen on the idea of being taken over. It said its board decided Frasers’ offer to buy the rest of its shares was unlikely to be successful and it opened for a rights issue that Frasers had actually opposed.
The February announcement seemed to draw a line under any deal, but on Tuesday, Frasers said it would make a mandatory offer for the shares of XXL ASA that it doesn't already own, after increasing its stake through the rights issue.
It now owns 32.9% of all shares in the company and approximately 40.8% of the voting A-shares after all shares related to the issue have been issued. And that means it’s above the threshold at which it has to make a bid for the remaining shares under Norwegian trading rules.
There weren’t many more details available but it’s clear that Frasers being rebuffed by Mulberry and failing to get its representatives onto the Boohoo Group (now Debenhams Group) board haven’t dimmed its appetite for acquisitions where its target is less than enthusiastic.