Frasers Group (GB:FRAS) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Frasers Group has increased its stake in luxury fashion retailer Mulberry by subscribing to 3,961,100 new shares, which will result in the Group holding between 36.9% and 37.3% of Mulberry’s existing issued share capital. This move does not require Frasers Group to make a mandatory takeover offer, thanks to a dispensation from the Takeover Panel. Frasers Group must, by October 28, 2024, declare its intentions regarding a potential offer for Mulberry.
For further insights into GB:FRAS stock, check out TipRanks’ Stock Analysis page.