Clothing & Shoes

MySale rejects Frasers Group takeover bid

Frasers had previously acquired 270,666,650 MySale Shares at 2p per share on 29 June 2022, becoming MySale's largest shareholder

MySale’s directors have rejected a takeover bid from Frasers Group, whose offer to acquire the remaining shares of the Australian marketplace for 2p per share was said to undervalue the business. 

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