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    Australia's Accent Group jumps on $276 million takeover bid from Britain's Frasers Group

    Picture of Frasers logoFrasers
    15/06/2026 02:31
    Australia's Accent Group jumps on $276 million takeover bid from Britain's Frasers Group
    June 15 (Reuters) - Shares of Accent Group AX1.AX soared as much as 9.2% on Monday after the retailer said it received a A$390.8 million ($276.1 million) takeover offer from Britain's Frasers Group FRAS.L.
    Accent said in a statement advising shareholders not to take action on the offer, noting that the cash offer price of A$0.65 per share is equal to Accent's closing price on June 12, with the deal offering no premium. 
         
    ($1 = 1.4154 Australian dollars)

    (Reporting by Nichiket Sunil in Bengaluru; Editing by Rashmi Aich)
    ((Nichiket.Sunil@thomsonreuters.com;))

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