logo
  

Frasers Now Intends To Seek To Buy Addl MySale Shares By Means Of Market Or Other Purchases

Frasers Group plc (FRAS.L ZVX.F), on Monday, announced that it is now interested in 481,276,224 MySale Shares, representing 48.5% per cent of the voting rights of MySale.

Under Rule 9 of the Takeover Code, Frasers is now required to make a mandatory cash offer for the MySale Shares not already held by Frasers.

Frasers now intends to seek to acquire additional MySale Shares by means of market or other purchases and in accordance with the Takeover Code. Frasers believes that accepting the Offer will provide MySale Shareholders with the opportunity to achieve an immediate liquidity event.

On 17 August 2022, Frasers announced a firm intention to make an offer for the entire issued and to be issued ordinary share capital of MySale Group plc not already owned by Frasers at a price of 2 pence per MySale Share. On 2 September 2022, the company published an offer document setting out the full terms and conditions of the Offer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retailers Dollar General Corp. (DG) and Big Lots, Inc. (BIG) reported Thursday results for the third quarter, with profit at Dollar General increasing from last year, while Big Lots reported a sharply wider loss than last year. The bottom line at both the retailers missed analysts' estimates. The U.S. Food and Drug Administration said it has granted approval for Ferring Pharmaceuticals Inc.'s fecal microbiota product Rebyota. The approval is for the prevention of recurrence of Clostridioides difficile infection or CDI in individuals 18 years of age and older. Rebyota will be used after an individual has completed antibiotic treatment for recurrent CDI. Salt Lake City, Utah-based Rocky Mountain Pies, LLC is recalling Red Button Vintage Creamery French Silk Pie citing possible presence of undeclared almonds, a known allergen, the U.S. Food and Drug Administration said. The recall involves 31.88 oz French Silk Pie with the lot code beginning with 2 266. Only UPC code 0 41172 81290 9 is involved in the recall.
RELATED NEWS
Follow RTT