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Frasers Group to Launch Mandatory Bid for XXL ASA Shares

Story Highlights
  • Frasers Group will trigger a mandatory bid for XXL shares after a rights issue.
  • The offer, approved by Norway’s Financial Supervisory Authority, runs from April 15 to May 13, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Frasers Group to Launch Mandatory Bid for XXL ASA Shares

Elevate Your Investing Strategy:

XXL ASA ( (GB:0R3P) ) has provided an update.

XXL ASA announced that Frasers Group Plc will trigger a mandatory bid for the remaining shares in XXL following a rights issue, as per the Norwegian Securities Trading Act. The offer, approved by the Financial Supervisory Authority of Norway, will run from April 15 to May 13, 2025, with a price of NOK 10 per share, and is subject to regulatory restrictions in certain jurisdictions.

More about XXL ASA

YTD Price Performance: 55.97%

Average Trading Volume: 588

Technical Sentiment Signal: Strong Buy

Current Market Cap: NOK1.02B

See more data about 0R3P stock on TipRanks’ Stock Analysis page.

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