Accent Group rejects Frasers’ ‘highly opportunistic’ takeover bid
Culture Index
Score Breakdown
Relevance
14/25
Freshness
25/25
Authority
18/20
Brand Signal
4/15
Depth
6/15
5-Axis Cultural Radar
Accent Group has urged shareholders to reject Frasers Group’s A$390.8m (around £206million) takeover offer, describing the bid as “highly opportunistic”. The Australian sports footwear retailer said its independent board committee had unanimously recommended investors take no action and not sell their shares into Frasers’ on-market bid. Frasers, which is Accent’s largest shareholder, offered A$0.6
