THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omni Channel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Frasers makes final mandatory offer for MySale

Sports Direct owner Frasers Group has tabled a mandatory cash offer for Australian retailer MySale Group of 2 pence per share, days after its shareholders were… View Article

FASHION

Frasers makes final mandatory offer for MySale

Sports Direct owner Frasers Group has tabled a mandatory cash offer for Australian retailer MySale Group of 2 pence per share, days after its shareholders were urged to reject a takeover bid.

Additionally, Frasers confirmed it reached an “irrevocable commitment” from Jackson Family Capital and Jackson Future Fund to sell their shares in MySale at 2p each.

As well as that, Jamie Jackson also agreed to sell over 62mln shares held by him to Frasers, which means the company is now interested in 481mln shares in the Australian marketplace, equating to a 48.5% stake.

Last week, the group had its 2p per share offer pushed back, which amounted to £13.6mln for the shares it did not already own, which at that stage would have been 71%.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News