Hugo Boss jumps as Frasers launches €2 bln takeover bid

Hugo Boss AG

11/06/2026 07:14

** Shares in Hugo Boss BOSSn.DE jump 5.8% in early Frankfurt trade after Frasers Group FRAS.L launched a €2 billion takeover offer for the German fashion group
** Frasers, the biggest shareholder in Hugo Boss with a 26.06% stake, is offering €38 ($43.8) per share in cash for the remaining shares, a 4.3% premium to Wednesday's €36.44 close
** "We believe that the €38 offers a floor to valuation in the near term, but further upside is uncertain," J.P. Morgan says
** The broker also says it does not see other obvious parties stepping in with a counter-bid
** The stock is seen at the top of Germany's mid-cap index .MDAXI 

($1 = 0.8662 euros)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))