Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
XXL ASA ( (GB:0R3P) ) just unveiled an announcement.
Frasers Group plc has decided not to proceed with its intended voluntary cash offer for all outstanding shares of XXL ASA at NOK 10 per share. This decision was influenced by the lack of support from other large shareholders of XXL, which made it unlikely for Frasers to acquire more than 50% of XXL’s shares, thereby failing to meet one of the conditions for the offer.
More about XXL ASA
Frasers Group plc, originally founded as a small store in Maidenhead in 1982, has grown into a global retail powerhouse. Rebranded from Sports Direct International in 2019, Frasers focuses on providing access to premium sports, luxury brands, and is dedicated to driving digital innovation in the retail industry.
YTD Price Performance: 56.33%
Average Trading Volume: 3,391
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK1.02B
See more insights into 0R3P stock on TipRanks’ Stock Analysis page.
