Frasers Group (GB:FRAS) has released an update.
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Frasers Group has decided not to pursue an offer for Mulberry Group after the latter’s board rejected its revised cash proposal, citing governance concerns and a lack of a commercial plan at Mulberry. Despite ending the offer period, Frasers continues to support Mulberry and seeks more engagement with the company’s board, given its significant 37% shareholding. Frasers remains open to future opportunities to collaborate under certain conditions.
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