UK's Mulberry jumps on decision to evaluate Frasers' sweetened takeover bid

Mulberry

14/10/2024 08:25

** British luxury brand Mulberry  MUL.L  jumps 15.6% to 130p
    ** Co says it is working with advisers to evaluate sporting
goods retailer Frasers'  FRAS.L  sweetened 111 mln pound ($145
mln) takeover proposal
    ** MUL's top investor Challice refuses to sell to FRAS,
which is down marginally after announcement
    ** Frasers has until Oct. 28 to make a firm offer or walk
away
    ** MUL down ~17% YTD, while FRAS down ~11%

($1 = 0.7655 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))